The 21st century is the digital century and after the recent corona-virus pandemic we are here to tell you the best market to trade in covid-19, and it is dictating a new set of rules.
gold has not always successfully passed through global crises perfectly. despite being the most popular metal, it passes every situation even when a crisis is linked with liquidity or inflation problems. For example, being the Great Depression seeing private gold ownership banned by President Franklin D. Roosevelt in 1933, gold was fixed at the US $35 from 1934 for many years thereafter. We can assume that it is one of the best markets to trade in covid-19.
Is bitcoin is the best market to trade in covid-1
Meanwhile, an original and top-performing crypto-asset Bitcoin is playing its own game, weakly correlating with market trends.
Naturally, this has led to Bitcoin and gold having long been competing with each other for the status of a more effective protective asset. In this situation, crypto currencies have some advantages and can be considered as the best market to trade in covid-19. But it is still difficult to predict the best market to trade in covid-19. Shiny metal owners depend on transport and logistics. These are the sectors of the economy that are prone to supply disruptions and logistics issues, given the times. Meanwhile, Bitcoin is a digital currency that exists in cyberspace and is not constrained by state borders nor transportation problems. This aspect acquires particular relevance in times of global panic when familiar ties are disrupted, destroyed and order upended.
What is Bitcoin’s core attraction point? is it the best market to trade in covid-19
The Bitcoin protocol, based on the voluntary participation of the parties. It is not in control for anyone. This makes it possible for everyone to store and transfer value in a currency. It is resistant to manipulation by central banks and global financial institutions.
Today, the world faces a problem of an unexpected nature. The virus outbreak in Asia was first regarded as showing. But the distant threat, yet now leads to the breakdown of many companies and economies. Even more, it frightens disruptions in supply chains at international levels that have been forged by the blood, sweat, tears, global wars, technological advancement, international competition, co-operation, and global progress made over many decades.
Europe saw stocks fall to their lowest levels since 2012. As the coronavirus continued to ravage share prices, investors weighed the extreme and unexpected economic hit. The pan-European Stock 600 index was down 2.7 percent. Germany’s Dax was 2.7 percent lower and Italy’s FTSE Mib had fallen 1.6 percent. During such events, investors need to search for a better investment instrument conducive to a much safer long-term perspective.
Bitcoin is Immune to Corona virus
Digital money is safe-to-use to provide remote payments. It is a quality one, but now one that is more important than ever. It is in a world that prefers electronic payments to the risk of handling potentially virus-infected physical currency.
Bitcoin may still be at an early stage of its life-cycle, and its price is unknown in the future. It has been the most exciting and promising currency development since the development of fiat currency. But the general public eager for an alternative to fiat currencies and precious metals.
As the world grows and fights back against the pandemic, Bitcoin’s value and acceptance will only grow. It will be the best market to trade in covid-19. when it grows from routine payments and daily coffees at Starbucks to much more sophisticated uses. Bitcoin has provided a new financial cover with its users having spread an impressive first layer. Now the time has come to add more paint, it is the time to add more color to the painting, so a true masterpiece emerges and the full picture of endless possibility is positive to all.
Recent Developments to analyze the best market to trade in covid-19
- Italian bank to start a Bitcoin trading service amid COVID-19 outbreak
Italy’s Banca Sella is planning to launch a Bitcoin trading service amid surged crypto adoption following the corona virus outbreak. Banca Sella will act as an intermediary to mitigate potential security risks associated with crypto exchanges. As Italy is in lockdown, the bank is taking advantage of the increasing interest in Bitcoin as a safe way to transfer money internationally. There are multiple analysis like this, which need to be analyzed. To predict the best market to trade in covid-19, you have to go through multiple analysis and prediction.
- Indian Supreme Court Rules in Favour of Crypto currency — RBI Ban Lifted
A historic day for the Indian crypto community, the Supreme Court has finally ruled on the case against the banking ban by the central bank, the Reserve Bank of India (RBI). The court held that the RBI circular which places a banking ban on the crypto industry is unconstitutional.
The RBI issued a circular in April 2018 banning regulated financial institutions from providing services to crypto businesses. The ban went into effect three months later and banks subsequently closed the accounts of crypto exchanges, forcing some of them to shut down, including Zebpay, Coindelta, and Koine
Conclusion
Covid-19 had the greater impact on the capital market and along with capital market, it also affected the consumer market to a greater extend.
So gold and bitcoin are the option available for the best market to trade in covid-19 as of now. As discussed above in this pandemic its hard to predict the best market to trade in covid-19 because it completely depend on the upcoming situation.