"The current crisis could benefit Bitcoin"

[Michar1 1693]

Dan Morehead, CEO of Pantera Capital, recently said that the current crisis could benefit Bitcoin.

During a podcast with Peter McCormack, he said that Bitcoin was created in the wake of the 2008 financial crisis and now, almost 12 years after its creation, a new financial crisis could lead people to choose to use this immutable, non-sovereign, system. global, digital and decentralized currency.

The recent collapse of the markets, with the forced closure of companies and unemployment rising to record levels, especially in the US, governments around the world have taken unprecedented measures with monetary policies based on a large quantitative easing, which once again highlights the advantages of Bitcoin's tight monetary policy.

 

Morehead said:

 

“Bitcoin was born in a financial crisis. She will come of age in this one ”.

 

Additionally, Morehead called BTC a "serial killer" compared to traditional risk assets when the world "freaks out," suggesting that the cryptocurrency markets could explode in the coming months.

 

According to the co-founder of Pantera Capital, Bitcoin is a new technology that will dismantle old systems and end up disrupting “dozens of different industries”, and in a couple of months investors will start to focus on new investment opportunities and focus on the markets. . it will move away from the panic initially created by the current crisis.

 

In fact, he points out that although Bitcoin, on the one hand, is basically considered as digital gold, on the other hand, blockchain technology allows keeping records of practically all assets, including non-financial ones. For this reason, he thinks that this technology will eventually revolutionize many markets.

Edited November 15, 2020 by Michar1

[TengoDinero 132]

Definitely Bitcoin has come to revolutionize our way of doing transactions, of storing and transferring value with DEFIs, now more than ever we see an increasingly decentralized future.

[ramatabarez 24]

25 minutes ago, Michar1 said:

Dan Morehead, CEO de Pantera Capital, dijo recientemente que la crisis actual podría beneficiar a Bitcoin.

Durante un podcast con Peter McCormack, dijo que Bitcoin se creó a raíz de la crisis financiera de 2008 y ahora, casi 12 años después de su creación, una nueva crisis financiera podría llevar a las personas a optar por utilizar este sistema inmutable y no soberano. . Moneda global, digital y descentralizada.

El reciente colapso de los mercados, con el cierre forzoso de empresas y el aumento del desempleo a niveles récord, especialmente en EE. UU., Los gobiernos de todo el mundo han tomado medidas sin precedentes con políticas monetarias basadas en una gran flexibilización cuantitativa, que vuelve a poner de relieve las ventajas de La estricta política monetaria de Bitcoin.

 

Morehead dijo:

 

“Bitcoin nació en una crisis financiera. Llegará a la mayoría de edad en este ” .

 

Además, Morehead llamó a BTC un "asesino en serie" en comparación con los activos de riesgo tradicionales cuando el mundo "se asusta", lo que sugiere que los mercados de criptomonedas podrían explotar en los próximos meses.

 

Según el cofundador de Pantera Capital, Bitcoin es una nueva tecnología que desmantelará los sistemas antiguos y terminará interrumpiendo "docenas de industrias diferentes", y en un par de meses los inversores comenzarán a enfocarse en nuevas oportunidades de inversión y a enfocarse en el Mercados. . se alejará del pánico creado inicialmente por la crisis actual.

 

De hecho, señala que aunque Bitcoin, por un lado, se considera básicamente como oro digital, por otro lado, la tecnología blockchain permite llevar registros de prácticamente todos los activos, incluidos los no financieros. Por esta razón, cree que esta tecnología eventualmente revolucionará muchos mercados.

Very interesting, in fact, it is believed that bitcoin will be a fixed currency in the future

[Faruk Akdağ 43]

Crises drive investors to invest in safe havens. BTC is the best of these ports.

[Joselisth 9]

The bictoin has a great economic advantage worldwide for being a de-centralized and global currency. During the crisis that has been witnessed in recent months, more and more people have been getting to know it and adopting it as an alternative to avoid economic decline.

 

I have even come to pay in restaurants and stores with bitcoins, because due to its popularity people are using it more for daily activities so it increases its value in the market.

 

It has been said many times that cryptocurrencies are the currency of the future. But I think that future is now.

[Backtomiami 45]

I think that the world of cryptocurrencies will survive the next crisis. Yes, it directly depends on the level of the global economy, but tokens are essentially self-sufficient. That is, under various circumstances, they still survive. And as practice shows, after each crisis, it is the cryptocurrency world that gets the maximum boost.

[udumalai01 35]

in my view COVID crisis, gave up a very high speed to crypto payments ,cross border payments and digital currency, every country now adopting own digital currencys coz crisis, every negative thinks have a little positive..thats worked now

[smithk 149]

I totally agree with this article.

We are already experiencing a steady growth in favour of BTC

[tienda 8776]

I think Bitcoin with more potential when there are the crisis, is ideal for crisis! And in this case of Covid-19 pandemic, because of the lockdown there are many people who used the internet to do their transaction. So buying Bitcoin will be the best option to send money fast, safe and cheap transaction fees than fiat money.

[maarcoferrer 1096]

And in a very good way he did it, as we can see the price of Bitcoin at this very moment, imagine the people who invested in Bitcoin when the quarantine began, mostly now have very good results, but not only Bitcoin also in Ethereum and many others, but that does not mean that we will not have more profit, sincerely today is the best time to buy CRIPTOMONEDAS.