Founder of quantum economics: Bitcoin's continued rise is not due to concerns caused by the spread of a new coronavirus

According to Verdict, Nigel Green, CEO and founder of deVere Group, believes that as traditional financial markets are hit by a new corona virus outbreak, investors see cryptocurrencies as a safe haven. The continued rise in the price of Bitcoin is related to the spread of a new coronavirus. He added that traders should expect bitcoin prices to continue to rise until data on new coronavirus peaks. Others believe that Bitcoin will gain a lot as market confidence declines. Jehan Chu, managing partner of blockchain investment and consulting firm Kenetic Capital, told Bloomberg, "As people's trust in global institutions and markets continues to deteriorate, we will see explosive growth in the value of highly mobile digital assets such as Bitcoin." However, not everyone believes that Bitcoin's recent rise can be attributed to concerns over the spread of a new coronavirus. Quantum Economics founder Mati Greenspan wrote in a report, "No matter what happens to the stock market, it does not seem to have any impact on the crypto market. In the face of viruses, cryptocurrencies have neither served as a safe haven nor It was not sold with other risky assets. Instead, it remains completely irrelevant. "