Coronavirus and Bitcoin: Paper Money Spreads Germs
As the dreaded Coronavirus continues to spread and the stock markets suffer, is this the time to jump on board cryptocurrency digital trading? Online gambling sites certainly hope so. Cryptocurrencies such as Bitcoin and Bitcoin Cash now represent over 75% of all transactions at some Web betting firms operating in restrictive markets including the US. And there is reason to believe the Coronavirus scare will drive more people to Bitcoin. One reason for this, the disease could by spread through the handling of paper money. Check out the lively discussion below. - Gilbert Horowitz, Gambling911.com
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Spoke with smart crypto veterans last night about Bitcoin & Coronavirus:
— Jeff Morris Jr. (@jmj) February 25, 2020
* As currencies destabilize in virus countries, Bitcoin is a safe haven
* Paper money spreads germs- another +1 for digital currency
* Centrals banks may move towards quantitative easing - bullish for BTC