Coronavirus has taken the physical and financial world by storm. With deaths, sicknesses, and economic instabilities changing the way the world works, there has been renewed interest in decentralized solutions for the future.
Bitcoin stands out as a leading option to spearhead economic revitalization. Here at BitLeague, we’ve worked hard to create alternative solutions for the way the world handles its money and transactions for years. While there’s no way to predict the future, the past can give us an indication of what to expect next for BTC.
Bitcoin will become much more popular
Big banks tend to fail when they don’t have an economy to rely on. As global economies struggle to build in the months after COVID-19 has settled down, bitcoin will likely begin to look more and more attractive. As a decentralized currency without a single government’s control, there’s little risk of bitcoin being tied explicitly to a particular economy. This makes it more averse to common risks that come with national currency, such as destabilization or inflation. As a global currency, bitcoin will likely become a more viable option for investors worldwide to secure some or all of their wealth.
Governments will rush to regulate
As individuals and institutions turn to bitcoin for solutions, governments will likely want to involve themselves. Depending on how this is done, this could be a positive for bitcoin. After all, just a year ago, when Chinese president Xi Jinping endorsed bitcoin, the price exploded. If governmental officials begin to embrace bitcoin for what it does best — remove power from one entity, and put it in the hands of the people, the coin could see exponential growth.
Current HODLers will excel
As interest in bitcoin begins to increase, so, too, will the demand and price. For bitcoin investors that have deposited their assets in a program like the BitLeague term deposit program, returns may very well be astronomical. With guaranteed return rates paid in BTC on all of our term deposit plans, an individual that deposits holdings in our highest return plans today could enjoy as much as 9% returns by the end of the program. That’s 9% more bitcoin to cash out when the price skyrockets.
Again, there’s no way to predict the future. COVID-19 has completely changed the world as we know it, and all signs point to the fact that we’ll never truly go back to “normal.” This will be an interesting time for finance, and bitcoin could see unprecedented popularity.