Bitcoin to work thanks to crisis - expert believes

Recently, Phil Salter of Genesis Mining gave an interview regarding the rate of bitcoin. His words may prove to be a consolation to supporters of crypto. For he believes bitcoin will benefit from an economic crisis.
Salter 's statement has recently contradicted the words of many people. The fact is that the BTC community has been heavily divided at such a difficult moment as the market collapse as a result of coronavirus panic. There have been opinions that bitcoin is not safe haven, and it may not even survive the crisis. Cointelegraph thinks otherwise.
Bitcoins will be the winner of the crisis. "If the economic crisis is overcome, it will have no serious consequences for bitcoins" - said the analyst.
Mining
However, another problem regarding mining has emerged on the market. BTC production has recently become less profitable. According to the expert, there is no cause for concern here either:
'It 's no different from traditional markets, you need to sell everything to keep the business going, pay off your debts. As Shakhtar, you have to pay bills, you have to pay for electricity, for operations; And your expenses are expressed in dollars, so when the price of bitcoin falls, it means you need to sell more shares to continue the business. "
Overall, if 1 BTC prices continue to rise (as is the case for several days), there is nothing to worry about. And of course, the words about the death of crypto are greatly exaggerated.
What 's next with the course?
However, what happens next with the course? Famous analyst Tone Vays suggests that the decline is still real, but he himself believes that it is not necessary to be afraid. Even falling the price of bitcoins to $2800 doesn 't scare him.
"It 's scary after halving; There is nothing wrong with him, "he said.