“The knee-jerk explanation from many financial experts for bitcoin's plunge was that cryptocurrencies had essentially lost their safe-haven status and were once again perceived as a risky asset. That's inconsistent with the basic investing thesis many cryptocurrency investors have in justifying their bitcoin holdings, and if it's true, it would potentially be a big blow to the idea that bitcoin offers a safe alternative to fiat currencies and assets that are tied to those currencies.”
Dan Caplinger, Estate Attorney, Financial Planner · Bitcoin since: +1,276%
As published by The Motley Fool
A little perspective.
Bitcoin on that day$5,630March 13, 2020
$100 at that price$1,376At our latest price check
Illustrative value using a Bitcoin price of $77,455, checked Oct 31, 2026, 1:39 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Just Failed the Coronavirus Test” — Dan Caplinger, The Motley Fool, March 13, 2020. Bitcoin: $5,629.58. https://bitcoindeaths.com/posts/2020-03-13-bitcoin-just-failed-the-coronavirus-test