PayPal and cryptocurrency.

In the financial markets of all countries, panic arose against the background of the imposition of restrictions in March 2020. Against the backdrop of a sharp fall in American stock indices, the price of bitcoin also fell. The drawdown level was 50% to $ 3800 for the first cryptocurrency. However, in the event that the pandemic in the US and Europe begins to quickly gain momentum, it will again affect the markets. The S&P is very "overheated": the spread between the profitability of companies and their capitalization is record high, and this is a real financial bubble. Therefore, in the event of a sharp deterioration in the situation with the pandemic, a global downward correction will inevitably occur. It is difficult to say how deep it will be now, it will shape the monetary policy of the United States. New injections of liquidity will support the market, but it won't last forever. In such a situation, the most likely scenario is the growth of bitcoin, since it has already become “digital gold”. Investors around the world already perceive bitcoin as more of a defensive asset, so it is clear that its rate should continue to rise. Apart from private investors, Bitcoin has long been used by institutional investors. More and more companies are investing in the cryptocurrency market - digital finance acts as a “safe haven” in times of instability.

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