Increase in the remote workforce
During tumultuous times, investors are eager to find assets that can provide shelter or a hedge from volatility. For many decades, this usually meant either gold or gold mining company stocks, since they tended to have a negative correlation with the rest of the market.
Over the last decade, many have been prophesying Bitcoin (BTC) as the new gold. During the recent crisis, however, investors have turned to the telecommunication stocks, with some Capital Hill investors ending up in hot water.
The motivation behind this convergence between traditional and crypto investors in the telecommunications sector seems obvious — the expectation that an increase in the remote workforce will create greater demand for these services.
Need for privacy
Source: Cointelegraph, Coinmarketcap
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