kaveveri

Worldwide Depression... Short BTC for the short term

Short
BITSTAMP:BTCUSD   Bitcoin
1. The economy is going into a recession and possibly a depression. People are losing their jobs as businesses cannot operate for the foreseeable future and keep afloat to pay their employees.
2. Uncertain future... no approved vaccine and cure yet for COVID - 19, businesses will continue to not operate and go bust.
3. Stocks and crypto will go down further, people need cash to stay alive and will sell off their crypto. The rich will buy for cheap while everyone sells their assets like the Great Depression.
4. Long term bullish in crypto and bitcoin...inflation will occur from all the government handouts, but people need fiat currency now to stay alive.
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