Coronavirus Crisis Initially Triggered Money Inflows Into Crypto, Study Clai,s

There are many different consequences to the coronavirus, including developments affecting the cryptocurrency space. Several Oxford professors think there are some unexpected benefits to the current state of affairs.

It is evident that the coronavirus

has triggered a financial shock, of sorts.

The Coronavirus Benefits Cryptocurrency, Sort of

This can be noted across the board.

Stock markets have been extremely volatile, which is very unusual for that industry.

Gold is on its way to a new all-time high this year, despite minor setbacks along the way.

For Bitcoin and other cryptocurrencies, the start to 2020 hasn’t been all that great either.

However, a document published by Oxford professors indicates that more money is pouring into cryptocurrency.

Related Post

They claim that each new coronavirus case triggers an inflow of money into this particular industry.

Initially this yielded prominent momentum, yet the curve has reversed a few weeks ago.

As such, one has to wonder how this situation will play out.

The document also hints at how regulators need to act now, as the time seems right to do so.

What type of regulation should expect, is a different matter altogether.

There are still many questions surrounding cryptocurrencies that need to be researched properly before any sort of guidelines can be issued.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

Smart Traders Pile Into $MOG As Token Continues To Break All-Time Highs

In the ever-dynamic world of cryptocurrency, $MOG has been a standout performer, breaking its previous…

3 hours ago

Tether Treasury Mints 1B USDT As Whales Inject 278.7M Into Crypto Market

Yesterday, the Tether Treasury minted another 1 billion USDT on the Tron Network, marking the…

3 hours ago

Real World Assets In DeFi Reach $3.89 Billion TVL, Marking Major Milestone

As of July 2024, the Total Value Locked (TVL) for Real World Assets (RWA) in…

4 hours ago

Ethena Protocol Surges In Stablecoin Supply And User Adoption

The Ethena protocol has experienced impressive growth in 2024, particularly in the supply of its…

4 hours ago

DeFi Blue Chips Poised For Breakout Despite Record Low Valuations

Despite lagging in 2023, DeFi 1.0 assets are now positioned for a significant breakout. DeFi…

4 hours ago

MOONHOP’s Presale Skyrocket | Shiba Shootout Value | Bonk Investors’ Moves

Best Meme Coin Gainer: MOONHOP's Presale Skyrockets, Attracting Bonk Investors While Shiba Shootout’s Value Soars…

9 hours ago