Prediction of Crypto Summer in 2021
29 Jul 2020 — Prediction of #Crypto Summer in 2021 may soon be realised amidst COVID-19 pandemic. What say you?
This morning’s article in The Straits Times by Vikram Khanna, mentioned that Covid-19 may have brought forward the expiration date on physical cash. Besides just watching on the sideline with interests, the pandemic has created a greater sense of urgency for regulators to act.
Accordingly, if you have invested Bitcoin in mid-March, you would have more than doubled your money by now. In fact, the performance of stock markets although have shot up, it pales in comparison to the best performing crypto assets.
Founder of Elsewhen, Leon Gauhman‘s article in Finextra said that one tangible reason Covid is creating increasing demand for crypto is the perception that digital currencies may be a way to offset the impact of the economic fallout from the pandemic.
Aleksandar Svetski, CEO of Amber thinks the COVID-19 pandemic has bolstered Bitcoin awareness. “COVID was one of the best marketing campaigns for Bitcoin in history,” S: Benjamin (BJ) Pirus‘s article in Cointelegraph