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In spite of what many investors see as a lackluster performance by Bitcoin during the pandemic crisis, Bitcoin has out performed Gold. Gold is up approximately 12% as compared to Bitcoin’s price increase of a little over 23%. The current crisis is probably not a proper test of the “best store of value” because in times like these many are liquidating assets due to temporary emergency situations. At the beginning of the pandemic, both Gold and Bitcoin dropped in price because many were selling everything.
As the economy recovers, How many will choose Bitcoin as the value of the dollar drops? We all that considering the current state of printing money is likely to lead to a devalued fiat which should make Bitcoin more appealing than ever.