Post
Topic
Board Bitcoin Discussion
Re: Americans are using Stimulus Checks to buy Bitcoin!
by
BrewMaster
on 23/04/2020, 15:51:53 UTC
Although the Bitcoin price declined sharply in response to the World Health Organization’s declaration of COVID-19 as a pandemic last month,
wrong.
bitcoin decline after every other major market (stocks, oil, gold,...) crashed hard. then it also recovered while the rest were continuing to crash.

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interest in the crypto asset from the general public is not lost.
well nothing has changed so i don't see why would interest in "bitcoin" would ever change. short term traders come and go and they don't represent the "interest" in bitcoin though.

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In fact, some Americans are taking their $1,200 stimulus checks and using them to buy Bitcoin and other cryptocurrencies.
i somehow doubt that.
of course many are buying bitcoin with their worthless fiat but if this was happening on a large scale as you claim then price should have been at least $8k by now.