Since Floyd’s death on May 25 in Minneapolis, Minnesota, civil unrest has sprung up across the country. Six states and 13 cities have declared states of emergency, and the National Guard has been called to help in 21 states and Washington, DC.
We can say that the States is in the crisis now – on one hand, the Covid-19 in the U.S. has not yet thoroughly been in control; on the other hand, the massive protests over the death of George Floyd may lead to a potential influx of coronavirus cases, a new breakout may occur. And the U.S. economic recovery will be threatened again.
Bitcoin is the Safe Haven Asset
During the civil unrest in the States and tensions between the U.S. and China, U.S. dollar price keeps a downtrend movement. And according to CBO’s saying that the U.S. will take about 10 years for economic recovery from the coronavirus crisis, Bitcoin’s status as a “Safe Haven assent” is consolidated, which can allow people to “opt-out” of the current, broken monetary system.
At the press time, after failing to remain above $10,000, Bitcoin is trading around $9,550, up 0.80%. May marked the “highest monthly close on BTC in over 7 months.” So far, in 2020 BTC/USD is up 30.58% and nearly 50% in Q2 of 2020. And now Bitcoin volatiles between $9,500 – $9,600, which makes futures trading more profitable.
How to Make Huge Profit When Bitcoin Price is Going Up
If you would have bet on the right coins this year you could easily have 10xed your capital…
You could even have made as much as 100x which means you could have turned $100 into as much as 10k.
Experts believe this will happen again in 2021, the only question is which coin do you bet on?
My friend and cryptocurrency expert Dirk is personally betting on 3 under-the-radar cryptocurrencies for huge ROI in 2021..
Click here to learn what these coins are (watch till the end of the presentation).
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Follow Bexplus on:
Apple App Store: https://itunes.apple.com/app/id1442189260?mt=8
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com