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?
Now there is a situation where many people needed money to protect themselves from the coronavirus and stay in isolation and quarantine. Since the cryptocurrency does not yet have good liquidity so that it can directly buy basic necessities, it is sold through exchanges and therefore fell in price.
With the onset of the global economic crisis, the situation must change. It should be in demand during this period, because, unlike the usual currency, it is not subject to inflation. This will be the first such test for a decentralized cryptocurrency.