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As the world reels from a pandemic, Bitcoin has decoupled itself from the financial markets. The March 12 price drop seems to have been over. Financial markets the world over are still dropping. This will lead to investors pouring their funds in Bitcoin as a haven. The value of any asset is determined by the value given to it. Gold, Bitcoin, silver, paper securities, and the like are all driven by this fact.
One of the things that give Bitcoin its value is the trustless factor. In an age where there are few to trust, Bitcoin seems to be one of the few ways left to hold and transfer value without having to trust anyone.
This is important because the whole world is up in arms at the moment due to the coronavirus. Bitcoin is digital. If it works then it serves the purpose. This is why we have new fields such as computer science and information technology existing in the first place. It takes less than a minute to get a Bitcoin wallet. In some developing countries, it can take months to open certain kinds of bank accounts.