Post
Topic
Board Economics
Re: Is corona virus crisis changing economical equations around the world?
by
darewaller
on 17/02/2021, 20:14:14 UTC
Hello. I was expecting the national banks of each county to intervine and stop the rise of bitcoin. I don't understand the mechanism of this riseing. Only few words count a lot.
How can national banks stop the rise of Bitcoins? Just by urging people to stop using it won't help because people are smart enough to understand why banks hate Bitcoins and if it was so easy to stop people, all the illegal casinos would have been closed by now. Yes some countries might ban Bitcoin which no doubt will bring the market down in that particular country but still there will be people who hold bitcoins and even trade them silently.

Covid-19 almost proved the worth of Bitcoins and digital payments more than anything because all the stock markets crashed but it was bitcoin market which despite everything around it held strong and now with the virus almost gone, the market has recovered and now touching new heights.