NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

The Odds Bitcoin Sees an Exponential Spike Are “Rapidly Increasing”: Here’s Why

Nick Chong
Nick Chong
1 year ago
3 mins read
Firecracker featured image for BItcoin article

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

There is no doubt Bitcoin has been adversely affected by the outbreak of COVID-19.

Crypto assets, like many other mainstream asset classes, experienced a large downturn in the middle of March. It was a move in global markets based on fears that the coronavirus lockdowns could cause a widespread economic contraction, maybe even a full-blown recession.

Considering the crash that transpired in March, many have rushed to the conclusion that a prolonged lockdown would only harm Bitcoin.

Yet according to Kelvin Koh — a former Goldman Sachs partner and current partner at The Spartan Group — the ongoing crisis will only increase the odds that BTC experiences “another exponential price spike.”

This Crisis “Dramatically Increases” the Odds of a Bitcoin Bull Run

Businesses based on offering digital goods and services have emerged as winners amid the ongoing outbreak. As airlines, restaurants, and a myriad of other industries have sunk, technology companies have emerged as decisive winners.

A perfect case in point to this is Amazon, whose stock has just established a new all-time high amid what the International Monetary Fund considers to be the worst economic downturn since the Great Depression.

Below is a chart depicting this performance. The key point of the chart is that the $2,400 price point Amazon just tapped, a whole 44% from the lows, is a new all-time high.

amazon price chart
Chart from TradingView.com

The outperformance of digital businesses amid the crisis, Kelvin Koh wrote in a recent Twitter thread, is a factor that is only going to improve the prospects of Bitcoin and crypto-based technologies moving forward.

“One thing was made clear during the pandemic. Digital businesses were clear winners in this crisis and a world scarred by it will accelerate towards digitization, which bodes well for crypto longer term,” the analyst wrote on the subject.

This is only one such trend catalyzed by the coronavirus crisis that will benefit Bitcoin, according to the investor.

To respond to the underperformance of most industries like airlines and agriculture, governments have been forced to inject trillions of dollars worth of stimulus into the economy.

It’s a move that has been deemed necessary by investors, but one that Koh remarked will act as a boon for the Bitcoin market. “Some of the trillions of dollars of stimulus from central banks will inevitably flow into crypto assets,” he explained.

This confluence of the two fundamental factors led Koh to the following conclusion: the crisis has “dramatically increased the odds” that Bitcoin undergoes “another exponential price spike” in a way that causes the entire crypto market to rally.

Don’t Get Left Behind

The trends of global digitization and the debasement of fiat money are longer-term narratives for Bitcoin, to be sure, but Koh made it clear that investors need to keep their heads on a swivel.

Concluding his thread, the former institutional investor warned that once the crypto market starts to move, it will move quickly. This relates to the concept of reflexivity in financial markets, which states that markets naturally trend in one direction or the other due to investor psychology.

As he explained:

“The steady cash inflow into crypto exchanges and growing cash balances is the clearest signal of this bullish appetite. It’s hard to time markets perfectly, especially for crypto. When crypto prices move, they move quickly. Don’t get left behind.”

Photo by Daniel Mayovskiy on Unsplash
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Альткоины усиливают позиции на фоне стабильности Биткоина

Рынок альткоинов уже несколько месяцев страдает от продолжительной волатильности и сильного давления продаж, что заставляет многих инвесторов задаваться вопросом, когда...

lisachaikina 1 hour ago
Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Bitcoin and Ethereum both posted modest gains in the past week, with BTC rising 6.2% and ETH up by 9.6%....

Samuel Edyme 2 hours ago
Bitcoin price preview July news

Bitcoin July Preview: History Says Don’t Trust The Quiet

Market tactician Daan Crypto Trades (@DaanCrypto) has put a statistical spotlight on Bitcoin’s habit of dozing through June before rewarding...

Jake Simmons 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

Keshav Verma 24 minutes ago

值得在7月下注的百倍幣有哪些?5個即將爆發10X上漲的最佳加密貨幣!

Mark Mak 25 minutes ago

Bitcoin Market Enters Caution Zone Amid Rising Sell-Side Pressure, Analyst Says

Ash Tiwari 1 hour ago

Premium Sponsors

Press Releases

  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    2 hours ago
  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    15 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    15 hours ago
  • Най-добрите криптовалути преди...

    16 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.