COVID-19 Increased Bitcoin Adoption

[Dark Knight]

You can see that the epidemic coronavirus has devoured the whole world, but I don't think the cryptocurrency coronavirus has had that much of an effect.In all countries of the world, however, coronavirus has spread and many people have already died from the virus.But even in this corona, the price of the best cryptocurrency, Bitcoin, has risen sharply.Bitcoin is constantly making new history.The price of Bitcoin went up to 63,000 $ a few days ago.

[mlawson71]

The pandemic had an enormous effect on every aspect of our lives, I think it is quite normal that it affected cryptocurrencies as well.

[Linda78]

The first condition of cryptocurrency is that the market fluctuates. No one can control it. Cryptocurrency moves at its own pace. If the market does not fluctuate, the market will not survive. Now everyone is selling bitcoin, maybe that is why the market is dumping something. However, it will not work if you are frustrated, one Time will be pumping the price of bitcoin again. So we have to be patient.

[Bit]

You are right. During this pandemic, many people lost their jobs and also have full-time working or staying at home. That is why many people are searching for another way to spend their time. And the crypto world is the best option because it is also very popular and also bullish during this pandemic. Many institutions and companies started to join in the adoption

[pacar_tiri]

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. COVID19 has increased bitcoin adoption. Many people already invested in crypto currency as long as pandemic, because several countries are lock downed. I think It is good thing for crypto currency market.

[mlawson71]

Personally, I am pretty curious what will happen with Bitcoin and cryptos in general once the pandemic ends. Will their popularity continue increasing?

[Spaffin]

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. COVID19 has increased bitcoin adoption. Many people already invested in crypto currency as long as pandemic, because several countries are lock downed. I think It is good thing for crypto currency market.

coronavirus and quarantine forced people to look not only for alternative forms of income, but also for alternative assets for investment that would give very good returns. You can recall how, together with quarantine restrictions, the price of oil and all energy resources began to fall, because the world practically stopped and their demand decreased, and at the same time, Bitcoin began to rise in price. This is a huge argument for cryptocurrencies.

[Tunir Baap]

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?

The Bitcoin market has not stopped even though the world has stopped due to the covid 90 Karna virus.The value of bitcoins was in a much better position even during the Corona period. So in my opinion the coronavirus has not had such an impact on the cryptocurrency market.

[Casual]

The Bitcoin price will certainly rise further in the future. When the COVID-19 was new, everyone thought the cryptocurrency market would collapse. But the opposite has happened but it has been seen that the market has improved due to COVID-19. In particular, the price of Bitcoin has increased the most.

[lepbagong]

The Bitcoin price will certainly rise further in the future. When the COVID-19 was new, everyone thought the cryptocurrency market would collapse. But the opposite has happened but it has been seen that the market has improved due to COVID-19. In particular, the price of Bitcoin has increased the most.

in fact there is no direct relationship between crypto and covid-19, because crypto already has its own system and will not be affected by the situation that occurs, other than if investors make large purchases and sales, there will definitely be an impact.
apart from that, it clearly won't have an effect, like recently @elonmusk when buying, then there will be shocks that will occur.

[Boginya Valyutnaya]

I think the price of Bitcoin does not depend at all on the pandemic.

[Sumaiya2]

Covid Nineteen has done no harm to Bitcoin but has done more good. Because they have added a lot of time and extensive users which is why the forum is moving towards further improvement.

[Willitivity1]

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?

Durung the pandemic last year everyone was just looking for a better way buy and make payments without having to hold the paper money, since covid 19 could be easily transferred through it, so in the search for a currency that can't be held with the hand bitcoin came up and become even more popular, but the price drop due to panic in the financial market, traders and investors were just scared that's why they dumped their bitcoins.

[mlawson71]

What is the situation now though? The pandemic still continues, it likely won't end for at least another year to come. Are people as interested?

[Linda78]

In the midst of this epidemic in the world, people have chosen cryptocurrency as the best approach. Maybe that's why the price of Bitcoin is in a pumping position. But I think that Bitcoin is currently priced at 59 thousand dollars. However, it is expected that its position will be better in the future. If we lose patience, we don't have to be patient, only then we can get good results. Because Bitcoin is the king of cryptocurrencies and even Bitcoin has stood by as a close friend during this epidemic.