Will Bitcoin Emerge As A Winner? 5 Things To Expect

Right now, the global economy is in total shock. The Washington Post reports, “Nearly every asset class—stocks, bonds, gold, oil—came under siege, with the Dow plunging more than 1,300 points.” On March 12, this sent the crypto markets tumbling into panic mode. During the panic, bitcoin was oversold. In just 24 hours, $93 billion was wiped from the crypto markets, resulting in a 48% plunge in bitcoins’ price which came quickly. 

Bitcoin bull, Tim Draper says, “It will be bitcoin, not banks and governments that save the day.” With the bitcoin halving event scheduled to take place in May, Draper believes that the price of bitcoin could reach an all-time high of $250,000 by 2022. With the bitcoin halving event around the corner, here’s what you could expect to happen.

Extreme price volatility

Despite the…