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Genesis Mining: If Economic Crisis Deepens Bitcoin Will Shine as the New Gold

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Genesis Mining: If Economic Crisis Deepens Bitcoin Will Shine as the New GoldGenesis Mining: If Economic Crisis Deepens Bitcoin Will Shine as the New Gold

Philip Salter, head of operations at Genesis Mining, believes that economic meltdown may lead to a growing value for as a hedge against the banks.

In the last couple of weeks, there has been a lot of turmoil in the Bitcoin world. There was a rapid decline in hashrate, followed by an even more precipitous price drop. This was particularly troublesome in view of the impending halving.

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Source: Cryptocurrency - investing.com

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