Covid-19 has started up a crisis in various parts of the world and thus placed people in a position to look for a better store of value. Bitcoin has been looked on as an ideal solution to their problems due to its reliability. Bitcoin has risen in this pandemic and is considered a haven.
Many dividend stocks have been affected, slashed and their pays have been discontinued. Unemployment hiked as businesses failed like real estates, travel, and hospitals. Thus, store value experienced a massive need. While the 46% felt unsure of their financial future, more money was invested into Bitcoin. Uncertainty which has been enveloping the USD and the global economies plummeting ascertained that Bitcoin has a stable store value, making it a gold standard, reassuring its potential for the long-term as well.