The Stock Market Is Falling. Is Bitcoin the Answer?
There's a lot of uncertainty in the stock market right now. The COVID-19 pandemic's latest wave is causing fresh sets of shutdowns around the world. Despite widespread acceptance of the results of the U.S. election, troubling undercurrents reveal a substantial minority that's thus far refused to acknowledge the normal succession of power. Although some businesses are well prepared for volatility, others have used up their margins of safety and are up against it.
It was therefore no surprise to see stock markets give up ground on Friday. But what's interesting is that investors looking for an alternative have decided that bitcoin could be the solution. So far, the cryptocurrency market has met the challenge, but can bitcoin prices keep soaring? Despite widespread cynicism about crypto tokens, many prominent investors think the answer to that question is yes.
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Source Fool.com
