Well many people were introduced to bitcoin during the pandemic. But I don't think it cause any massive usage, except for those that are out if cash and converted it into there local currency.
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I think that the pandemic resulted in a lot of people turning towards online work and as a result they have ventured into cryptocurrencies and this has caused the increase in the amount of users for bitcoin and other crypto as well.We all know that the pandemic creates a lot of restriction in the movement of people and the closure of business which made a lot of people turning their attention and time to online which made a lot of people start earning online and also investing in bitcoins
covid-19 lockdown has really opened the eye of people to online investment and business since offline business cannot be opened , and market were also closed down, that was when i started learning about crypto currency.Since everyone is sitting at home, and offline business deeply affected. The alternative to some persons where to invest online, and Bitcoin is one of them. That is the reason why its marketcap grew the best in this pandemic time.
Its nice that the covid19 helped you to learn crypto in the hard way. That's why when something happens, try to to find merits or derit before concluding.covid-19 lockdown has really opened the eye of people to online investment and business since offline business cannot be opened , and market were also closed down, that was when i started learning about crypto currency.
And then make as increase the usage of Bitcoin because it is one of the easiest source for transferring and exchanging money people now pay others with bitcoin through bitcoin walletBefore the Corona virus pandemic I never knew much about cryptocurrency in general. It was during the pandemic that I got to discover that cryptocurrency is very lucrative and it is the best.
Bitcoin has already reached its peak when the pandemic happened but since it occurred , bitcoin price has skyrocketed and its rising and we can categorically says the pandemic has positively affect the price no bitcoin.Before the pandemic, Bitcoin has already gotten the volume of users it has and has been getting on a daily basis. But I think this number increased in the course of the pandemic.
Yes it has increased significantly. Before the pandemic , bitcoin was only $10k and around. But during the pandemic , it has risen with the factor of 6x all of a sudden , its all time high of $60k. So yeah pandemic has left many people working from home online ,which has automatically introduced them to the crypto world and which can be responsible for the surge in bitcoin.Before the pandemic, Bitcoin has already gotten the volume of users it has and has been getting on a daily basis. But I think this number increased in the course of the pandemic.