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The ongoing fears surrounding the Coronavirus outbreak across the globe has had a dramatic effect on the economy. In China, there are mounting concerns that their economy may suffer a major crisis, with businesses touted to collapse if this goes on. Still, there are renewed fears mounting outside of the epicenter. As a result, Bitcoin is getting some attention as a safe-haven asset
A new outbreak in Italy has sparked concerns that the pandemic may not be over, nor that the global economies are quite safe from it. [BBC.co] In fact, looking at it purely economically, this latest outbreak in Europe is already affecting the strength of the Euro, but it could also reaffirm the need for safe-haven assets. One such safe haven that is getting more attention at the time of the outbreak is Bitcoin.
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