As the coronavirus continues to plague the global economy, stock markets are on the rise and fund managers are having trouble finding a place for all the money, it's a scenario that only favors bitcoin (Image: Freepik / starline)
Looking at the market today, it is quite clear that the gap between the economy and the market continues to widen. As the coronavirus crisis worsens in the US, the stock market ended the second quarter of 2020 with its best performance in more than 20 years.
Today, along with stocks, bitcoin's price rebounded from its low in March. The recent price increase of bitcoin and the great and future economic challenges have made investors ask themselves: “is bitcoin a good investment now?” or “have I missed the tram yet?”.
While the price of bitcoin remains volatile in the short term, investors should focus on its long-term outcome.
In this article, Kehan Zhou, founder of Wall Strategies, will look at three macroeconomic drivers that will not only drive the price of bitcoin in 2021, but also drive it towards mass membership.
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