Bitcoin price correlates with virus outbreak

Asia Times | Bitcoin price correlates with virus outbreak | Article

Bitcoin has been an excellent gauge of trouble in China since the trade war with the US kicked off in 2019. China has capital controls and massive wealth, so that in times of stress huge volumes of money seek safe havens, of which bitcoin is an asset with a tiny market cap when compared to the wall of money in the system, wrote Clem Chambers in Forbes.