RATE Group | Bitcoin May Thrive Despite Coronavirus
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Bitcoin May Thrive Despite Coronavirus

14 May Bitcoin May Thrive Despite Coronavirus

Posted at 20:51h in Bitcoin News by

The CEO and co-founder of Bitcoin (BTC) investment app Amber, Aleks Svetski, said he thinks the COVID-19 pandemic has bolstered Bitcoin awareness. 

“COVID was one of the best marketing campaigns for Bitcoin in history,” Svetski told Morgan Creek Digital co-founder Anthony Pompliano in a May 13 podcast episode. 

Coronavirus has caused global uncertainty

Since taking center stage as an official pandemic in 2020, governmental coronavirus prevention actions have caused business slowdowns, rising unemployment numbers, and falling markets. The U.S. government has taken several measures to right the sinking economy, including various funding tactics.  

Svetski pointed back to the smartphone invasion, saying he does not remember the transitional period between flip phones and total smartphone adoption. Similarly, over the next ten years, the public’s view will change from hesitancy to confidence in Bitcoin, he explained. 

Government tactics have created an illusion

The CEO said the…

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