Why the coronavirus will make lots of individuals rush to Bitcoin

Why the coronavirus will make lots of individuals rush to Bitcoin

Bitcoin

Bitcoin is a Cryptocurrency that was created to help reduce the effect of economic crisis like poverty, unemployment, and other related situations. Satoshi was the founder of Bitcoin, he created it in year 2009, after experiencing the financial crisis of the previous year (2008). Generally, there are over 5000 cryptocurrencies worldwide, but none can be compared to the BTC (Bitcoin). Since Bitcoin was the first Cryptocurrency to evolve in the crypto-market, there hasn’t been any other cryptocurrency worldwide, that have beaten the BTC (in both price and popularity). With a price of over 13, 000 US dollars, investors are topping out to start investing in the special currency. However, the reason why the BTC is unique is because, it offers many features, when comparing it with other cryptocurrencies. Different online shopping outlets are now using Bitcoin as a payment method, that’s to say that the BTC is becoming a currency of the future.

The people using Bitcoin are more

The people using Bitcoin are more than a million, as its popularity is spreading fast, but what some persons don’t know is how it started. Since year 2009, Bitcoin’s price was only worth a few cents, but know it’s over 13, 000 dollars. Those people who invested in it since year 2009, are already enjoying their investment, as the result is encouraging. Also experts have said that Bitcoin’s price increases rapidly whenever there’s an economic situation, what we are experiencing now is a crisis. So those experts have predicted that its price will reach 100, 000 US dollars by next year (2021). During this crisis, lots of individuals were going into online jobs, as schools, restaurants, worship centers, banks, and others, were all closed. Since most online companies are using BTC as a payment platform, and people looking online jobs want to get a job, they definitely have to use Bitcoin.

Why the coronavirus will make lots of individuals rush to Bitcoin

Experts also noticed that during this situation (of the virus) that just happened, there have been an increase in number of the users of the BTC currency. Bitcoin offers many job opportunities like daily faucet claim, where you can get free BTC daily. There is no objection that people didn’t go into Bitcoin during this period because, the statistics are there to show for it. Bitcoin is listed in all exchanges, and it has over a hundred wallets in Playstore, App Store, as well as PC. This makes the coin to be easily accessible to the public, so you can’t say that it’s difficult to get. Finally, experts are still encouraging people to start investing in Bitcoin, as its value might reach 100, 000 US dollars by next year, even if its worth 13, 000 dollars presently. BTC trading is available on the Internet, where individuals buy and sell their coins (buy low, sell high), this have helped lots of youngsters escape from poverty.

Engaging in Bitcoin will discourage illegal activities like garbling, fraud, impersonation, and others because, Bitcoin is legit. So start using Bitcoin now because, it might be the currency of the future. Crisis will always create a financial rush to Bitcoin.