RATE Group | Coronavirus Financial Crash Is Bitcoin’s Biggest Test, BitMEX Says
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Coronavirus Financial Crash Is Bitcoin’s Biggest Test, BitMEX Says

18 Mar Coronavirus Financial Crash Is Bitcoin’s Biggest Test, BitMEX Says

Posted at 19:04h in Bitcoin News by

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BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis.

The 2020 coronavirus financial crash could be the biggest opportunity Bitcoin has ever seen

On March 17, BitMEX’s research arm, BitMEX Research, published an analysis of the ongoing impact of COVID-19 pandemic on the financial markets. Titled “Inflation Is Coming,” the blog post by BitMEX Research outlines the coronavirus financial market crash as the biggest economic turmoil since the 2008 financial crisis. In the same analysis, BitMEX also compared the downturn with the 2000 Dotcom bubble and the 1997 Asian crisis.

Pointing out that inflation is likely to reveal “one clear winner” under a new global financial regime, BitMEX Research emphasized that Bitcoin — created in 2009 as the first ever cryptocurrency…

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