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In: Accounting

In view of the substantial decline in prices of equities in March 2020, answer the following...

In view of the substantial decline in prices of equities in March 2020, answer the following questions

a) Why was there also a crash in the price of Bitcoin and other crypto currencies?

b) Can Bitcoin and other crypto currencies be considered as a good hedge/safe haven asset in times of market turmoil/distress?

c) Explain three strategies that could have been used by investors to take advantage of declining asset prices

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