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RE: Bitcoin Begins To Pull Back After Hitting $5000 USD - What This Means
The economic turmoil will benefit the Bitcoin. Corrections in the market are inevitable and we do not know yet whether it is a correction or the bitcoin will further go up before correcting, time will tell us. Gold and Silver are treated as safe heaven and bitcoin have overtaken them as a safe heaven providing high returns with less risk. In stock market, if we study the history, there have been stock market crashes after every 8 years and since 2009 8 years have passed so we will soon see a crash the signs of which have started to come to light like interest rate hike etc. So from all of this bitcoin will get a huge benefit even it it sees correction at $5000. so do not panic and hold your bitcoins