What needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option?

“Time,” Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cointelegraph in an email. “This is NOT a technological revolution,” he clarified, adding:

“It’s a monetary revolution – which takes (traditionally) centuries to manifest, whilst in the digital age, Bitcoin is likely to do it in decades.” 

Bitcoin rising despite instability

Since Bitcoin’s 50% March price dive, in the midst of coronavirus fear and uncertainty, the mainstream public has become increasingly interested in crypto’s pioneer asset. The coin also rebounded dramatically in value, seeing more than 130% gains from its low. 

Bitcoin’s positivity comes during unstable mainstream market conditions. Traditional market barometers posted some of their worst performances since the market crash of 1987, as business closures and coronavirus prevention measures took flight. Although markets have since rebounded, unemployment numbers provide rationale for continued concern.  

A global asset, Bitcoin sits independent of government control, which may prove attractive during economic uncertainty….

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Author: Benjamin Pirus


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