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Here’s why Bitcoin might be safe from a global stock market crisis By Cointelegraph


Here’s why Bitcoin might be safe from a global stock market crisis

One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value. Others consider a technology project or a type of software with a corresponding network.

El Salvador’s adoption as legal tender will likely evidence the means of exchange functionality that the Lightning Network provides. While Layer-two scaling is able to make instant transfers at insanely low rates, it still requires on-chain transactions for regular access and exit from this parallel network.

In 2020, Bitcoin and gold (precious metallic) are compared. Source: TradingView
Bitcoin vs. (stocks). Source: TradingView