Bitcoin Is Your Hedge Against Currency Devaluation

The crisis we are going through will only strengthen this position.

Since the week of March 9, 2020, the world has definitely entered a crisis. The increasingly rapid spread of COVID-19 poses a major risk of a slowdown in the world’s major economies. As the starting point of this global pandemic, the Chinese economy was the first to be heavily impacted.

With the arrival of the coronavirus epidemic in Europe and the United States, the economic slowdown will soon affect many other countries. The uncertainty created by this situation has caused a real panic on the financial markets for just over a week.

The symbol of this widespread panic is to be found in the abysmal fall of Wall Street. The Dow Jones, which some saw reaching 30,000 points during the year 2020, even broke the 19,000 points threshold on March 18, 2020.

Dow Jones under 19,000 points

In one month, the Dow Jones has lost more than 35%.

All major U.S. companies are being hit hard. Around the world, the situation is exactly the same, starting with European companies.

The containment measures decided in Italy, Spain, Germany and France will put an end to economies that didn’t need it. Nevertheless, from a health point of view, it was of course the best decision for trying to stop the spread of the coronavirus.