COVID-19 Increased Bitcoin Adoption

[emmybd]

Covid-19 has started up a crisis in various parts of the world and thus placed people in a position to look for a better store of value. Bitcoin has been looked on as an ideal solution to their problems due to its reliability. Bitcoin has risen in this pandemic and is considered a haven.

Many dividend stocks have been affected, slashed and their pays have been discontinued. Unemployment hiked as businesses failed like real estates, travel, and hospitals. Thus, store value experienced a massive need. While the 46% felt unsure of their financial future, more money was invested into Bitcoin. Uncertainty which has been enveloping the USD and the global economies plummeting ascertained that Bitcoin has a stable store value, making it a gold standard, reassuring its potential for the long-term as well.

[therozaq]

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 see,  Many people  already  bought  bitcoin and do trading at home as long as  pandemic.  Maybe work  from home is the best way to do.  Keep calm about bitcoin price.  Bitcoin has shown good progress  at this month.

[DAMKAR]

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 see as long as COVID-19 , It was increased bitcoin addoption. But It will not affect bitcoin price. I think It will take several months again. For now we have seen bitcoin price is going up and touched ATH.

[0t3p0t]

In my opinion, it is wrong timing if bitcoin will increase. People staying at home cannot boast bitcoin value. People will choose to buy basic needs than buying bitcoin at this present condition.

I agree. Institutions that aquires thousands of Bitcoins what makes the Bitcoin price goes up not adoption. As what you have said mate, majority of people needs money to buy basic needs than investing in Bitcoin due to the pandemic. Bitcoin and cryptocurrency in general is just an option to make an extra income for some people who lost their job during the pandemic though this is still Bitcoin adoption.

[Delgboke]

Before the covid19 many people are just doing their normal life style so many don't really no the importance of crypto asset, I think that this covid19 made people that don't savings to start looking for means to survive because of the lockdown although not everybody can be able to buy bitcoin at this stage of covid19 unless those that have the money can only adopt bitcoin even though the price was increased because of coivd19.

[Duckenth]

This is the advantage of Crypto assets such as Bitcoin and friends, Can be accessed even though there is a pandemic like this. We can still benefit even though we are around a lockdown, and this opportunity is being taken advantage of by many people who used to not care about Bitcoin. And at that time, during the early emergence of the Covid-19 Pandemic, the price of Bitcoin had dropped. But we can see together that the current Bitcoin price has gone to the moon, is this possible because of the increasing adoption of Bitcoin nowadays ?!

[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?

We all seen, as long as pandemic, bitcoin has high demand and many people already bought bitcoin. But the price was low. For now, I think We all know, the bitcoin price is so high. Bitcoin has shown good performance and will hit 25k USD at this month.

[UNIVERSE]

Yes, this is true that this pandemic really drives many people to enter and join the crypto world. Many more institutions and industries are also interested in crypto. Moreover, many of them are using and interested in blockchain technology. Although using blockchain doesn't  mean use crypto, but at least it is a step forward about it.

[arnold dudicove]

We all seen, as long as pandemic, bitcoin has high demand and many people already bought bitcoin. But the price was low. For now, I think We all know, the bitcoin price is so high. Bitcoin has shown good performance and will hit 25k USD at this month.

Yes I agree that during this pandemic the demand for Bitcoin has increased. But can I know what makes you so optimistic that Bitcoin will hit 25K USD? Because as far as I know Bitcoin has never reached that point ... However, if your prediction is correct, of course this is very proud for all of us ..

[ttcsalam]

It all came together. Because in a pandemic situation, everyone is trying to do transactions digitally. And the developed countries of the world pay a lot more for time. As he wants to reduce the hassle in their transactions. I believe that the price is rising because of the increase in transactions.

[Zero0]

I don't know if it's okay to say. I don't think the effects of coronavirus on cryptocurrency have been so great. People are more interested in cryptocurrencies because of the coronavirus. Many developed countries have used blockchain technology to get rid of the effects of this coronavirus. And many developed countries have legalized cryptocurrency. Now Bitcoin's position is much better. Hopefully in the future cryptocurrency will become legal all over the world.

[Emircan]

Before the covid19 many people are just doing their normal life style so many don't really no the importance of crypto asset, I think that this covid19 made people that don't savings to start looking for means to survive because of the lockdown although not everybody can be able to buy bitcoin at this stage of covid19 unless those that have the money can only adopt bitcoin even though the price was increased because of coivd19.

Yes, thanks to COVID-19 that Bitcoin and Altcoins are more popular and it gained attention and flourished. when the world economy goes down and Bitcoin, the growth is strong and surpasses all

[Sierra]

Before the covid19 many people are just doing their normal life style so many don't really no the importance of crypto asset, I think that this covid19 made people that don't savings to start looking for means to survive because of the lockdown although not everybody can be able to buy bitcoin at this stage of covid19 unless those that have the money can only adopt bitcoin even though the price was increased because of coivd19.

It is undeniable that COVID-19 has contributed significantly to the development of electronic money in the world and the biggest success is that the world economy goes down, the cryptocurrencies are growing and growing. nonstop

[Rain075]

We know that Bitcoin moves at its own pace.  Bitcoin never depends on anyone.  Many people may have thought that the price of Bitcoin has gone up because of Coronavirus. Actually, Bitcoin did not make sense because of Coronavirus.Bitcoin has increased its price in its own way due to its own power and investor growth.

[ice18]

I dont think Covid-19 was the reason of bitcoin adoption yes many people use alternative payment option but bitcoin is not the main choice its online transfer like on banks or paypal from international payments but most people dont use bitcoin because of legal issues from different countries.

Why the price of Bitcoin is still down?

Simple answer "manipulation"