COVID-19 Increased Bitcoin Adoption

[Hisbullah]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?

Correct,  I agree covid-19 increased bitcoin adoption because  many people work from home, they want to get other income , So several of them starting to do daily trading and I see several  join bounty at this forum to get reward too.
I think pandemic covid-19 bring good effect to increase demand of crypto currency.

[shadowdio]

Last year in the first quarter I remember the time that bitcoin was dump and after the WHO announced that the world was on pandemic, the bitcoin price was starting to increasing. People are really get into bitcoin because you can not go work so people are relying to bitcoin to make money. The adoption of bitcoin is really increasing because of pandemic.

[Review]

Without any doubt, Yes. Because crypto teach us how to use or transfer money in critical situation. In fact, when we have faced covid huge cases, we even did not use our money , paper money to buy something else. As we thought paper money may bring covid virus that can be spread too via hand to hand. This is the reason why CRYPTO is necessary as we can use it via online!

[WButler89]

The rise in the price of bitcoin during the pandemic was influenced not only by the total increase in online payments, but also by the inflation of the dollar, after the FRS printed a large amount of dollars for various social benefits.

[LUCKMCFLY]

At first, when the pandemic was known, BTC fell in price, like almost all speculative markets, but later we realized that the first speculative market that recovered the fastest was BTC and the reason is simple. , there are people who bought a lot of BTC because what was handled at that time was digital, so going to a traditional bank was not a business, only what is digital, I think that had a lot of influence, what we commonly call "Need", this It was what really pushed people to inquire about BTC.

[mlawson71]

Do you think the same will happen now with the war's influence on the markets?

[kent47400]

During a pandemic like today, it is certain that digital technology is absolutely needed and this is the reality that the adoption of Bitcoin during a pandemic like this feels very absolute to be accepted quickly and rises so perfectly.
This Bitcoin is definitely in the digital circle and this Bitcoin provides something that is really very dominant during the pandemic because everyone stays at home operating Smartphones and Notebooks, indirectly Bitcoin can be accessed every day.

[DAMKAR]

During a pandemic like today, it is certain that digital technology is absolutely needed and this is the reality that the adoption of Bitcoin during a pandemic like this feels very absolute to be accepted quickly and rises so perfectly.
This Bitcoin is definitely in the digital circle and this Bitcoin provides something that is really very dominant during the pandemic because everyone stays at home operating Smartphones and Notebooks, indirectly Bitcoin can be accessed every day.

Well, We all saw during pandemic crypto had high demand.
Many people lost their job and want to get income from crypto.
Several of them do trading and invest in short term.
Because many city had locked down.
Current pandemic, several countries already open their city and we know crypto has bearish now.
It's good time to buy.
I'm happy, crypto help many people during pandemic to get income.

[legend45]

The rise in the price of bitcoin during the pandemic was influenced not only by the total increase in online payments, but also by the inflation of the dollar, after the FRS printed a large amount of dollars for various social benefits.

Yeah, I think during pandemic economic is struggling and at several countries have inflation.
But I think , it's good for crypto market, because demand is increasing and many people is starting to know and invest in crypto currency.
Current economic is still stuck,  it's bearish season,
that's the reason why bitcoin is going down now.

[cheezcarls]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?

In my own opinion, COVID-19 has nothing to do with BTC’s increased adoption or price surges and fluctuations. Regardless of the situation, pandemic or no pandemic, war or no war, there is no stopping BTC from being adopted in various areas like banks, financial institutions, MSMEs, etc.

And of course, companies should keep up on what is trending nowadays in order to survive the pandemic.

[rizqillah]

Recent crises are testing the abilities of Bitcoin. The adoption of Bitcoin is increased as people are stuck at home they are looking for better solutions to transfer remittance and for purchasing.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?

In my own opinion, COVID-19 has nothing to do with BTC’s increased adoption or price surges and fluctuations. Regardless of the situation, pandemic or no pandemic, war or no war, there is no stopping BTC from being adopted in various areas like banks, financial institutions, MSMEs, etc.

And of course, companies should keep up on what is trending nowadays in order to survive the pandemic.

Bitcoin has been adopted by many companies because It's trend and every companies should have consideration to adopt or not.
But we must see the reality, during pandemic bitcoin has shown good progress and demand show high trend.
I think everyone have own opinion.
But war, pandemic will effect to crypto market.
this can't be denied

[mlawson71]

The pandemic certainly had an effect. A lot of the mainstream is embracing cryptos. Even NYSE (that is, The New York Stock Exchange)  recently revealed they have  officially applied to register as marketplace for NFTs, crypto products, and metaverses. The exchange filed with the US Patent and Trademark Office for a trademark license that would allow it to launch the aforementioned products.
I think this is a pretty impressive development.