Bitcoin interest has surged in the wake of the coronavirus pandemic and the unprecedented measures undertaken by governments to contain it while propping up the global economy, writes Forbes journalist Billy Bambrough.

The bitcoin price has bounced back to almost $10,000 per bitcoin after crashing to under $4,000 during the broad March coronavirus sell-off. 

“With over 20 million Americans currently unemployed, the public narrative towards bitcoin has changed,” researchers at financial information platform The Tokenist wrote, summarizing their findings.

“The results are striking. We found increased knowledge of, and growing confidence in, bitcoin among all age and gender groups surveyed. This effect was most pronounced in millennial respondents, 45% of whom would now preferentially invest in bitcoin over stocks, real estate and gold.”

(Excerpt) Read more Here | 2020-06-24 14:21:00
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