Still Doubting the Rationale of Bitcoin? Product Release & Updates Altcoin Buzz

The current bear market might not seem overly attractive. But there are grander reasons out there for switching to Bitcoin from fiat.

Ok, Bitcoin is not in its best shape. The mother-of-all crypto is trading at circa $8,000 (press-time). Those looking to make a quick buck will most probably not be impressed. However, those who are able to paint the bigger picture might choose to take other factors into account. Like the ones outlined in a tweet by @Bitcoin.

Recently:

1. Turkey froze 3m+ bank accounts.
2. Hong Kong ATM withdrawals restricted.
3. Reserve Bank of India ordered PMC Bank to restrict withdrawals to not exceed Rs 1000 ($USD 14).
4. @ecb will ‘restart’ quantitative easing measures.

Why would someone not have some $BTC? pic.twitter.com/SPnLLTWtaQ

— Bitcoin (@Bitcoin) October 7, 2019

The post contains references to a couple of recent events that are, quite frankly, scandalous in nature. For instance, the decision of the Turkish government to freeze more than 3 million bank…