Its a changing Bitcoin landscape for sure. Financial institutions through the
years have been very negative to Bitcoin but over the last 12 months we have seen
an about turn and they are starting to realise that its a positive thing, why? Pandemic!
COVID-19 has changed the world and its finances, this has presented companies with
an alternative to move to Bitcoin and forced others to do the same, who would have
thought or predicted a global pandemic could render Bitcoin as the safest wealth haven?
For the future, it can only be positive for Bitcoin, if you regard more and more
institutional investors and high wealth people entering the space positive.
Supply will decrease and demand will increase but like the pandemic the unforseen
can happen and the unknown is tomorrow.
I don't think that the pandemic is the only factor that made many companies pro-Bitcoin.
Do you think that,if there was no pandemic,all those big companies would still be negative towards Bitcoin and spreading FUD?
The main factor that made lots of companies invest in Bitcoin was the anti-inflation nature of BTC.
Inflation will strike after the pandemic ends,so investing fiat reserves into Bitcoin seems like the best move.
The future of Bitcoin seems bright,but there will be ups and downs,which is normal.