The Coronavirus Has Really Pushed Bitcoin Forward
www.livebitcoinnews.com
How strange is it that the coronavirus has led to the suffering of banks but the overall establishment of bitcoin as a potentially mainstream asset? Bitcoin was largely speculative prior to the spread of the coronavirus pandemic.
Nobody really saw the asset as a “safe haven” or “digital gold” as it’s been touted all these years, but the spread of the virus has changed all that. Grayscale has mentioned that its second quarter bitcoin investments topped one billion dollars, while MicroStrategy has already purchased more than $400 million in bitcoin to add to its growing wealth pool as a means of staying safe and remaining in operation while the virus is in play.
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