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Thread: Coronavirus is Bitcoin's Black Swan.

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    Coronavirus is Bitcoin's Black Swan.

    We all know that the term "Black Swan" in the financial market refers to events that are totally unpredictable, but have a high impact on the financial universe. That said, can we say that the new Coronavirus is the black swan of BTC?

    Since it is an unforeseen event, and such an event has gone out of control in China, and has caused the Asian stock exchanges to open downwards this Monday, February 3rd, can we state this, and BTC is being affected?

    Well, to my mind whenever something happens in the market, an impacting event that weakens certain currencies, investors run to safe haven assets, what they can invest without leaving the capital standing. But we can say that BTC with its high volatility can be a safe haven asset?

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    For me, this Coronavirus has really affected the market. I have read some articles saying that the impact of the virus to the global economy is growing. Some theme parks, planes, and cruise ships are being shut down or quarantined for safety purposes.

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    I've been observing the movement of the Bitcoin, and so far it's stable since the NcoV outbreak. Nothing to worry about.

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    Quote Originally Posted by AbdulShiek View Post
    I've been observing the movement of the Bitcoin, and so far it's stable since the NcoV outbreak. Nothing to worry about.
    This is good to know. Probably, some parts of the world's economy has been affected but it is good to know that Bitcoin remains stable.

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