03 May COVID-19 May Be ‘Ultimately Good’ for Stock Market Says Bitcoin Foundation’s Co-Founder
Vladislav Sopov
Businesses worldwide have been heavily damaged by COVID-19 and the measures suppress it. With this going on, a prediction by Gavin Andresen sounds really surprising.
Contents
- Unfair Advantage of Publicly Traded Companies
- All-Times Highs Amid Bloodbath?
Gavin Andresen is a man and a myth within the Bitcoin (BTC) community since developing Bitcoin products in 2010. Andresen was declared Bitcoin’s Lead Developer by Satoshi Nakamoto and founded the Bitcoin Foundation in 2012.
Unfair Advantage of Publicly Traded Companies
Small businesses have been heavily affected by the COVID-19 pandemic, causing the worst depression. Many of them will be surely wiped out by the markets. Mr. Andresen foresees big corporations with publicly traded stocks benefiting from this pandemic.
The level of market saturation will tank. As a…