More American investors for Bitcoin because of the pandemic

[Quantum X]

According to a study American investors for bitcoin is growing. 63% of the respondent claimed that they had chose to invest in bitcoin because they want to save themselves from the risk of the downturn of the market. And this is happening because of the coronavirus leading the economic crisis. More here.

[gODZILA72]

This is easy to explain, because dollars are printed again and its value drops very quickly, bitcoin inflation is negligible compared to that! I think this trend can continue until next summer and bitcoin will continue to grow against the dollar, ensuring the safety of wealth for its buyer!

[Prime]

Pandemic is one of the reasons. But another reason is the regulation of Bitcoin investment in America. Now, it seems to be easier for people from America to buy and sell Bitcoin. If the regulation becomes more strict, then it won't be like today, many people from America to join Bitcoin.

[Gubre]

Look at how pandemic introduce the cryptocurrency. It really brilliant that this thing switched the mind of the people from the powerful country into blockchain.

[TomPluz]

I think that the current pandemic is making Bitcoin more acceptable and more palatable with many Americans right now. Many of the people who simply understand the danger of the Federal Reserve printing more money are now preparing for the possible collapse of the dollar -- this is not a question of if but when. Bitcoin is now seen as a good haven of value just like gold. And this is just the tip of the iceberg as I am sure that after the pandemic there will be some economic pullout and Bitcoin can be a good hedge.

[Laithis]

These assets are more stable compared to currency pairs or stocks...
And here you can really build a plan of action for the long term... Why not?

[Black ID]

During this pandemic season more people are choosing the right investment. One of the safest ways is to transfer assets in bitcoin. Because bitcoin is a strong coin and it is believed that it will not die.

[AllSii]

This is a common tactic for investors to invest their money in assets that can protect against inflation. But in the case of bitcoin, it can not only protect against inflation, but also increase capital.

[jakasantosa]

When the virus is pandemic, many governments advise not to leave the house for safety. So most people who have high morale will think of getting money by investing in bitcoin. Because bitcoin investment can be done at home.

[lepbagong]

This is a common tactic for investors to invest their money in assets that can protect against inflation. But in the case of bitcoin, it can not only protect against inflation, but also increase capital.

indeed investors know about it, and have predicted it. because bitcoin is clearly a very lucrative investment and is always sought to be kept.

[lepbagong]

When the virus is pandemic, many governments advise not to leave the house for safety. So most people who have high morale will think of getting money by investing in bitcoin. Because bitcoin investment can be done at home.

yes, if those who have large funds can do this, not for those who actually experience the impact of the pandemic so they don't work anymore and businesses don't work. so they also prioritize daily needs to support their family.

[Msweet]

Based on this year’s survey, the market of potential bitcoin investors is 32 million strong—compared to 21 million investors just one year ago. This year, 62% of investors reported that they are ‘familiar’ with Bitcoin, compared to 53% in 2019.

[Gubre]

Based on this year’s survey, the market of potential bitcoin investors is 32 million strong—compared to 21 million investors just one year ago. This year, 62% of investors reported that they are ‘familiar’ with Bitcoin, compared to 53% in 2019.

This is much. Meaning we can expect a double result or even more than that with this same results. This would be a good sign for bull run which all investors and holders are waiting.

[Noverteno]

The threat of inflation growth in common currencies of states is growing every day. It has especially increased recently, when a second and more powerful wave of the spread of coronavirus began in many countries. Therefore, it is quite logical that Americans, like citizens of other countries, will invest much more in cryptocurrencies that are not subject to inflation in order to protect their savings from depreciation. We hope that this will significantly increase the demand and popularity of the cryptocurrency, and with them its price.

[Altcoin1998$]

When the virus is pandemic, many governments advise not to leave the house for safety. So most people who have high morale will think of getting money by investing in bitcoin. Because bitcoin investment can be done at home.

You are right but in long time Pandemic periods, people have no money to invest in cryptocurrency but they are spending their investment money in their daily needs and perposes.