Banking Sector And Financial Industry Are In Doldrums
The virus has taken down all the central banks and financial institutions of major countries such as the USA, China and many more. Stock markets have been observing massive shifts since the beginning of 2020. For example, some significant stock markets, Dow Jones and FTSE have observed a record-breaking decline. Due to this, investors now concern that the epidemic would indeed slay financial growth and consume their purchases.
Moreover, central banks have cut their interest rates in response to the outbreak. As no traditional investment seems to be prolific in the current situation, cryptocurrencies could certainly get a boost in adoption. Now, we will look at the survival potential of cryptocurrencies