Unemployment has been on the rise over the past several months due to the global economic downturn. Millions of people are out of work, and in the US alone, over 20 million jobs have been lost since the pandemic began.
While unemployment is soaring, the price of Bitcoin has remained remarkably stable. Over the past year, the price of Bitcoin has increased by nearly 50%, and this stability has attracted many investors.
This stability is due to Bitcoin’s decentralized nature. Because it is not controlled by any one central authority, it is largely immune to the economic shocks that have rocked other markets.
The stability of Bitcoin has been a beacon of hope for many investors and has provided a safe haven in an otherwise turbulent market. With its decentralized nature, Bitcoin has been able to weather the storm while other markets have faltered.
