Post
Topic
Board Bitcoin Discussion
Re: Covid crisis & evolving phases
by
wxa7115
on 03/08/2020, 17:47:35 UTC
As the covid crisis is evolving step-by-step, started as a health crisis it is bending towards economic crisis which is showing an elevation from physical to digital.
Does Coronavirus pandemic will permanently change consumer behaviour towards digital currency?  Huh
Probably but it will be for the better, I really think that this crisis took everyone by surprise and this hit the economies of the world, so while people are waiting for things to go back to the way they were I think the next decade is going to be challenge for governments as they try to keep their economies together only to fail at the end.

And while this may seem bad for cryptocurrencies you must remember that bitcoin was created with that scenario in mind, an scenario where the fiat currencies of the world fail and lose the trust of the public is all but a given now with the only caveat that we do not have an exact date for that crisis, but at some point people will realize that gold and bitcoin are good options to save yourself from it with bitcoin being the superior choice as unlike gold you can trade it online without the need to identify yourself.