There is plenty of other stuff such as the US presidential elections, COVID-19, and Bitcoin limelight would increase if it stays stable above $20000. The mainstream media is going to look at current Bitcoin highs as the market bubble moves but once the price is stable above the all-time high it is likely to get some limelight. Though the price is oscillating between too bullish and too bearish its fundamental value is still increasing. Meanwhile, Matthew Graham, CEO of the advisory company Sino Global Capital, shared an image with information allegedly viral in China, but difficult to verify. The cryptocurrency is traditionally driven by retailers but this time around it is a completely different case where new investments are coming from macro environment. Communists love Blockchain Not Bitcoin, commented on Wans first post Pierre Rochard, Bitcoin evangelist at Kraken. Pierre believes that there are testimonial from big-guns on Twitter but there is no major mass media coverage. And even if the COVID-19 crisis was not a reality Bitcoin is still a strong contender since it is driven by the real demand. The fiat currency can be printed in infinite amounts bringing up the question of whether or not people should be using fiat or fiat-backed assets.īitcoin is doubling down in value making it a speculative asset but in the longer run Bitcoin would leave Gold, real estate, and other assets behind in the race. With the expected second wave of the pandemic, governments are likely to print more currency. The unemployment rate leads to trillions of dollars of printing and that was seen around the globe such as in Europe and other countries. Speaking in a podcast for leading cryptocurrency exchange Kraken Rochard explains that the COVID-19 spike unemployement. Bitcoin is likely to get into the mainstream limelight if it gets past $20000.Ĭryptocurrency celebrity Pierre Rochard explains that with the second wave of COVID-19 pandemic ready to hit the world, Bitcoin adoption is also very likely to increase by many folds.Pierre Rochard believes that adoption is slow due to a lack of mainstream media coverage. Here's how Pierre Rochard Auditing Bitcoin Supply Let's prove out expected Bitcoin issuance with actual balances.In addition to developing Bitcoin software, Pierre is an outspoken advocate for Bitcoin’s decentralized. He co-founded the Satoshi Nakamoto Institute to curate the best primary source literature on Bitcoin and cryptography. PIERRE ROCHARD BITCOIN SOFTWAREBitcoin adoption is likely to increase with the second wave of COVID-19. Pierre Rochard has been involved with Bitcoin as a researcher, investor, and software developer since February 2013.
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