Altcoins Talks - Cryptocurrency Forum
Further Discussions => Economics , Sociology & Politics => Topic started by: Paglamon on May 02, 2020, 12:34:14 PM
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A day after the stock market of the United States recorded its biggest monthly rally, Mashinsky notified that he believes that post-coronavirus the country’s economic activity would be L-shaped. But he also mentioned that the stock market of the US does not believe the same way, in fact, according to it, the country would have a V-shaped level of economic activity.
A report suggests that since the year 1987, it was for the first time the stock market recorded its biggest monthly rally.
The CEO of Celsius Network mentioned that the demand for crypto lending is increasing in the market because there are some people, who are aware of the fact that soon the world would have to face hard times.
In August 2019, the network lent around $ 2.2 billion in coin as loan and became the fastest growing crypto lender. And after three months the loan value doubled, reached $4.25 billion.
The company provides different interest rates to its customers on their deposits, whether it is Bitcoin, Ether or even Altcoins.
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yes it is true the news that in this difficult era because coronavirus makes economic growth very difficult but it makes bitcoin demand increase so that the price of bitcoin goes straight to the big possibility the price of bitcoin will continue to rise and will make economic growth into the letter v