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 price still down because many bitcoin holders were forced to sell their assets in order to survive from this pandemic as many countries are imposing lockdown to lessen the number of affected persons. We are also in lockdown so I understand how difficult the situation is when you have no income while your expenses are keep on coming.
Yes, there maybe many who became interested with bitcoin because of the covid 19 but it doesn't mean that they are all investors as most of them are likely looking for a way to earn an income using the bitcoin or crypto currencies