Bitcoin has built an entire ecosystem and industry around itself, from mining operations, to 1000's of companies offering different services. No-one's saying there aren't tough times ahead with this black swan event that is the coronavirus, but if Bitcoin shakes this all off (which I strongly believe it will), it would have arguably been battle-tested like it never has before.
There will be lots of wealthy individuals that are taking their cash out of stocks and bonds, those same individuals will be well aware that when this recession really does gain even more steam - leaving it in a bank may well be more riskier than leaving it in crypto. We only need to look back to 2013 when Cyprus decided to give all depositors a haircut to know what can happen.
With all that said, there will be some hodlers that simply need cash in these uncertain times - so don't go too hard on people that need to sell, just to support their families and loved ones.
We as a community need to come together and remember how far we've come, and how far we still have to go.
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