COVID-19 Increased Bitcoin Adoption

[aiviaa485]

Everyone is prohibited from leaving the house.
Everyone is prohibited from gathering.
Everyone is prohibited from working.

But Bitcoin cannot be like that because Bitcoin will continue to rotate or continue as long as there is a transaction between the sender and the receiver.
So everyone who is affected by this Pandemic can easily adopt Bitcoin to seek additional profit or salary from Bitcoin trading.

[mlawson71]

Everyone aren't prohibited from working. The restaurant, entertainment, tourism and transport industries are, indeed, suffering immensely, there are so many people who continue to work.

[Lanirex]

Covid-19 has indeed made many people suffer, the prohibition to leave the house or lock down is indeed sad. But unfortunately not everyone is familiar with Bitcoin and Cryptocurrency, so many of them do not take advantage of this opportunity. But on a big scale, Bitcoin adoption is increasing during this pandemic because many people want to find an income even though they stay at home and with Bitcoin they can do that, because they can trade and also invest Bitcoin from home.

[Tnoy30]

Everyone aren't prohibited from working. The restaurant, entertainment, tourism and transport industries are, indeed, suffering immensely, there are so many people who continue to work.

The cryptocurrency worldwide epidemic could not change this situation. Due to the epidemic all over the world, the condition of the currency and the market was much better. Some new projects were destroyed during the epidemic. However, the condition of other currencies, including Bitcoin, was much better during the epidemic. The movement of Bitcoin was much better then. Bitcoin began to get perfection from all sides.

[therozaq]

Covid-19 has indeed made many people suffer, the prohibition to leave the house or lock down is indeed sad. But unfortunately not everyone is familiar with Bitcoin and Cryptocurrency, so many of them do not take advantage of this opportunity. But on a big scale, Bitcoin adoption is increasing during this pandemic because many people want to find an income even though they stay at home and with Bitcoin they can do that, because they can trade and also invest Bitcoin from home.

Yes, I see Bitcoin adoption is increasing during this pandemic . I think bitcoin has high demand during pandemic, because everyone is prohibited from leaving house, working and other activities. So, bitcoin and altcoin trading be the best way to get profit.

[Damrai5$]

Because of the COVID-19 everyone thought that maybe the price of Bitcoin would be dumping a lot. And everyone wondered if the currency market was likely to end. But during the time of COVID-19, the cryptocurrency market has grown a lot without dumping. Now with time it will be seen that the price of Bitcoin will increase.

[AlviNess]

I think coronavirus has increased the amount of investment in the bitcoin platform. Because before the coronavirus started, there was not as much investment on the Bitcoin platform as there is now.Because many investors have chosen Bitcoin as a medium of online business. Maybe that is why the value of Bitcoin is increasing.

[sair786]

People will buy things through the digital coin because now the governments will say that the coronavirus will spread through also the fiat currency that is why the chance of the bitcoin is high that it will be going to be legal all over the world.

[mlawson71]

That is a main reason why governments are developing CBDCs all over the world.

[ice18]

Because of the COVID-19 everyone thought that maybe the price of Bitcoin would be dumping a lot. And everyone wondered if the currency market was likely to end. But during the time of COVID-19, the cryptocurrency market has grown a lot without dumping. Now with time it will be seen that the price of Bitcoin will increase.

last year when btc crashed at March and its also the start of many lockdowns in many countries I thought that crashed is caused by Covid-19 lol so I just found out while reading in some articles and crypto experts that March 2020 btc crashed in not related and caused by covid19 pandemic its just happen that whales and manipulators of market is shaking weakhands before starting a bull market and here we go most people again got FOMO into bitcoin and btc skyrocketed again.   

[Arkann]

Because of the COVID-19 everyone thought that maybe the price of Bitcoin would be dumping a lot. And everyone wondered if the currency market was likely to end. But during the time of COVID-19, the cryptocurrency market has grown a lot without dumping. Now with time it will be seen that the price of Bitcoin will increase.

I don’t know who they are, but for some reason I was sure that covid would greatly harm the economy of almost every country, and the economic crisis would in any case positively affect the development of the cryptocurrency market. since the depreciation of national currencies, as well as the fall of the stock market, directed many investors to the cryptocurrency market. one of the confirmations is the huge migration of institutional capital to the cryptocurrency market.

[Muneeb22]

In COVID19 the Bitcoin adoption is so much high and so many peoples will start to use the crypto market coin becasue this is the digital currency and this is so much safe then the fiat money. Crypto is the life changing business in the world.

[gurunanakji777]

When we talk about blockchain it does not mean only bitcoin its a technology that we used. Apart form this I also do agree due to the Covid-19 people start exploring new things in order to make some extra money even I can say many of them attracted towards bitcoin and some of them bought Btc as an investment. Who is saying price of bitcoin is down If you see previous low of the bear market you can not say Btc is down 57,841$ per Btc is a big value. Its not a gambling and we can expect more growth in the coming years as many big investors also invested in bitcoin thus the popularity of BTC is growing fast.

[Doctor]

In COVID19 the Bitcoin adoption is so much high and so many peoples will start to use the crypto market coin becasue this is the digital currency and this is so much safe then the fiat money. Crypto is the life changing business in the world.

Yes I see, during pandemic we all see bitcoin and other crypto currency have high demand and has been used by many people for their investment. That's good and I see bitcoin seems more popular and have good value.

[Stuart]

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?

As at the time this post was made, which was at the lockdown in all countries around the world, the use of bitcoin or the attraction to bitcoin was on a high rate as there was no other thing to do, rather, to look for an alternative means that will take care of financial problem, though, the use of money for purchasing of goods where even restricted. As at that time, there was a general economic meltdown, in which bitcoin was also affected. But after the total lockdown and the economic activities of the countries were up and running, the point of investment came in, and there came the effect in the price of bitcoin as different bodies came into the crypto system.