Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Image Is Getting Stronger by the Minute
by
Upgrade00
on 29/08/2020, 07:08:48 UTC
But I wonder how bitcoin will perform when the pandemic is over.
If anything, the pandemic has slowed the growth of Bitcoin. Large economies as well as EMDEs are in crisis, with a high unemployment rate in most countries; this means people have less money to spare and hence, less money to invest in assets like Bitcoin. The pandemic ending (through a vaccine or herd immunity) will restore normalcy and this would be positive news for Bitcoin.
Over the past few months we have seen major players like micro strategy and fidelity get into Bitcoin, so it's safe to say; the point has been made and many people are already seeing the value that it offers.