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BTC Shows Strong Signs Despite Global Economic Uncertainty

Emily Mason

Summary: Bitcoin appears to be performing well despite economic uncertainty brought on by COVID-19. Bitcoin has proven to be the strongest among asset classes with a 35.95% gain year-to-date while gold trails in second place with 12.11% gain year-to-date, data from Skew shows. And institutions like Grayscale Investments have continued to purchase large quantites of BTC.  ...

Bitcoin appears to be performing well despite economic uncertainty brought on by COVID-19.

Bitcoin has proven to be the strongest among asset classes with a 35.95% gain year-to-date while gold trails in second place with 12.11% gain year-to-date, data from Skew shows. And institutions like Grayscale Investments have continued to purchase large quantites of BTC. 

Square recently announced that BTC gains are up to $306 million, up 71% from the previous quarter, suggesting that retail demand is also on the rise, as reported by Cointelegraph.

By Emily Mason

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