Why ‘Black Friday’ Was The Best Thing To Happen Bitcoin In 2020

bitcoin black thursday 980x454

March 12, 2020, will go down in history books as Black Thursday. That day began a two-day, more than 50% collapse in Bitcoin. It also shook the stock market, precious metals, and crypto. But yet, that fateful day in hindsight was the best thing to happen to Bitcoin all year and was a crucial factor in the asset achieving a new all-time high and trading near $30,000 currently. Here are all the reasons why. Remembering The Onset Of Pandemic Panic In Early 2020 2020 started off roaring as investors had hoped, with the stock market setting new all-time highs and Bitcoin trading above $10,000. But within the first quarter of the year, the entire world changed due to the emergence of the pandemic. Anyone who was watching Bitcoin price charts on March 12, 2020, at the time had for the first time considered the cryptocurrency to be at serious risk.…

Read the original article here