COVID-19 Increased Bitcoin Adoption

[Lukasz]

Yes people are staying home working from home who needs a bank if i can do everything from home right but does it mean that transition to next phase of bitcoins utility that is a reserve currency will be happening according to the expected model well if there is no eceonomy because of COVID then the value might not be as expected well in that case we are going to wait for the recovery of world economy

[Sumaiya2]

I don't think the epidemic coronavirus has any effect on bitcoin.  Because if the epidemic coronavirus had any effect on bitcoin, then the price of bitcoin would not increase anymore. The price of bitcoin has increased more since the time of the epidemic coronavirus.

[Pheonyx]

I think it's right because bitcoin is digital and you don't need to have physical contact to some businessmen in order to have the amount you want. All you need is internet and laptop and there you are.

[Mahindra]

He said a very nice thing. In fact, there are big problems all over the world because of Covit19 Millions of people are dying in all countries. Everyone is in a state of panic. The price of all coins has come down in the cryptocurrency markets and all the coins in the current cryptocurrency markets due to this Covit19 but the price of Bitcoin has gone up a lot with the rise in the price of all the coins in the current cryptocurrency markets.

[wahyudi]

Storing digital assets during the COVID-19 pandemic is the most appropriate time.  The more blockchain starts to be adopted, the bigger the digital assets will be adopted and circulated in the community.  When blockchain is implemented in the business sector, there must be benefits to be taken.

[saprakib]

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?

I think you already have found your answer cause bitcoin has passed its ATH level now its on new level .It is true that a huge amount of people are still locked and the adoption is really increasing day by day .On the other hand  it is a good sign for btc that and blockchain community cause we are getting more people adopted here .

[Doctor]

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?

Yes ,I agree mate. Many countries are using blockchain technology to fight against the pandemic.Their citizens have invested in bitcoin and work from home, maybe at the beginning of pandemic it was not affected the bitcoin price. But for bitcoin is going strong and touch ATH.

[syedrasool2011]

Yes what you say its right with covid 19 every where work stop but bitcoin and crypto you can use it every where any time you can buy sell your coins its time to invest in bitcoin.

[Malam90]

Covid-19 has been a bless for Bitcoin although at first stages, we saw a huge fluctuations but that was only for few days and recovered quickly with better speedy like rocket speed to is same points. Already Bitcoin has broken its ATH record of 2017 and set for new ATH record $24,209.66 USD on Dec 20, 2020. The new more acceptance of Bitcoin, the better will set its ATH again.

[Monster5]

I think the price of bitcoin went down only when covid-19 spread all over the world while people were trapped in the house while the price of bitcoin went down. But now that the price of Bitcoin has gone up, blockchain technology is being able to trade bitcoin, so people are trading in blockchain technology during the time of coronavirus. But now with Bitcoin, transactions are available all over the world.

[jonathancool220]

Even where I live, this digital asset is indeed grabbed by many people, including cryptocurrency.
Even gambling for digital assets is very hard and unstoppable because everyone works at home using only the internet, smartphone / PC and electricity.

So what do we need when it's like this (pandemic)?
We have to take opportunities by working to find a bite of rice from cryptocurrency.

[Azaleea]

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?

I agree that this pandemic is increasing the consumption of transactions, but for the price, especially in December, Bitcoin is still very high and optimism will continue to build into next year

[ttcsalam]

The price of Bitcoin is rising well during the COVID-19 period. As such, I think one of the reasons is that there have been no reports of large-scale hacking this year. And everyone has accepted virtual transactions more.

[Papusha20]

Coronavirus has done no harm to Bitcoin but has gained.  Because people have been able to pay for Bitcoin from the comfort of their home during this time of Corona, the forum has benefited a lot and many have invested.  So the gain has been more than the loss during the coronation period.

[atjiat]

Coronavirus has done no harm to Bitcoin but has gained.  Because people have been able to pay for Bitcoin from the comfort of their home during this time of Corona, the forum has benefited a lot and many have invested.  So the gain has been more than the loss during the coronation period.

The coronavirus had a negative impact on the economic situation around the world and many investors preferred Bitcoin over conventional investment assets. It was in this case that Bitcoin received a fairly large amount of investment, including institutional capital.