Bitcoin Needs To Make an Effort to Not Waste This Crisis

While many bitcoin (BTC) hodlers hope that despite the COVID-19 pandemic and troubles in the traditional financial markets – or exactly because of them – BTC will skyrocket, it might not happen without the active involvement of the Cryptoverse itself.

“In addition to the unique properties of BTC, the industry needs strong storytelling, marketing, and user experience to enable folks to understand the reasons why it’s a compelling investment opportunity—and ultimately purchase some bitcoin!” Zac Prince, Co-founder of major US-based crypto lending startup BlockFi, told Cryptonews.com.

According to him, as long as there’s no better option against the US dollar, it will continue to benefit from its global reserve status.

However, “for fixed supply assets like bitcoin, large money printing efforts from fiat currencies should result in upward price moves,” said Prince. “For crypto, we’ll continue to see inflows from both retail and institutional investors,…