Bitcoin and the crypto universe are going through one of the toughest periods as the world battles the coronavirus pandemic. The central banks and governments are trying to support the economy by announcing several easing measures.
While this has improved sentiment in the short-term, it could reduce the value of fiat currencies in the long-term. In a recent interview, Bridgewater Associates co-chairman and co-CIO Ray Dalio said that he does “not think that cash is a safe investment."