Why the price of Bitcoin is still down?
The price of Bitcoin is still down because it was cause by FUD together with all the traditional markets out there. Even if there is physical evidence that adoption had increased because of promoting contactless payments to the affected countries it is still not enough to push the price up back to its normal range since new demand or an increase in it couldn't make it recover to what is currently happening to us now. Also don't believe in the crypto news websites you are seeing about Bitcoin being the main option for these countries as their contactless payments. Countries like Iran are using credit cards and debit cards when they say contactless payments and Bitcoin wasn't even one of the ideal options for them.
Dont know why there are people who do generalize that crypto had become the option when it comes to e-payments which they havent considered or to
rethink that we've been using traditional credit/debit cards.It isnt bad to be that optimistic but we should at least try to look around on whats totally happening
and not just fixing out our mind on what we do believe.
Many countries are using blockchain technology to fight against the pandemic.
Why the price of Bitcoin is still down?
I don't think so...many countries allow their people to use blockchain technology but the question is, are they using it now? May be (only a few of them) because not all knows about crypto and not even acceptable in the market pushing them to still use fiat. I don't think that the pandemic will increase the adoption and people will look into crypto. They still have other options in buying stuff in a cashless payment system and that is the use of credit or debit cards.
This is true..Its too early to take consideration or to mind that crypto would became mainstream just because of this current condition.