Partner of Blockchain Capital: Bitcoin's long-term economic disadvantages are significantly reduced

Recently, Spencer Bogart, a partner at Blockchain Capital, said that although Bitcoin is not immune to the economic crisis brought about by the new crown epidemic, it is likely to shine in the next few years. He said that in the face of the global market crash, Bitcoin is in a unique position: although it is facing liquidity tightening that impacts all assets, the long-term economic disadvantages faced by Bitcoin are significantly reduced, and as the impact of liquidity tightening dissipates, As in the aftermath of the 2008 financial crisis, investment will shift from off-site to assets that have been least affected by continued economic weakness. Bogart believes that Bitcoin will benefit from this asset allocation trend.