The COVID-19 and Cryptocurrencies: Matters Arising

At this point, you must already be fantasizing about how valuable cryptocurrencies must be now and how crypto traders must be smiling to the bank. Unfortunately, that is nowhere near reality. Holders of the popular cryptocurrency, Bitcoin, have been counting their woes since the novel virus went on a global rampage. Here is why.

Why Bitcoin Price is Crashing

Bitcoin     Flashback to 2009 when the Bitcoin was launched by an individual or a group known under the pseudonym “Satoshi Nakamoto”. It was the first cryptocurrency to capture the public imagination. As at May 2018, there were over 17 million bitcoins in circulation with a total market value of $140 billion. Today, the total …