Bitcoin is Now Being Searched Twice the Amount Than Covid-19!
Cryptocurrency Trader – Luke
Several businesses started to buy Bitcoin (BTC) in the aftermath of the COVID-19 pandemic. In the midst of people experiencing the first anniversary of COVID-19 and the obligatory wearing of face masks, Google Trends announced that more people were involved in Bitcoin investing than in the virus.
At the beginning of 2020, when the world learned about COVID-19, it was time to lock the window. The stock downturn and about 17 million people applied for unemployment. As a consequence, the unemployment rate has risen to more than 15%, a figure considered not to be positive in the country's economic market.
However, in November 2020, the price for Bitcoin buying rose by 40%, marking the biggest monthly rise since May 2019. Interestingly, no conventional assets could graph up a 40% rally in a single month like what Bitcoin did.
In addition, some publicly-listed firms, such as MicroStrategy, Square, Cypherpunk Holdings, started buying Bitcoin in the aftermath of the pandemic. PayPal has begun providing blockchain services to its clients. Notably, many institutional investors looking at where to put their money and invest in cryptocurrency.
At the time of publication, there were 2.63 million deaths worldwide from coronavirus. As a result, the United States remains the most affected, with 546,605 deaths associated with COVID-19 and 29.3 million cases reported.
In accordance with this, America's economic practices have led to Bitcoin's chaos. The recently signed $19 trillion stimulus bill, COVID-19, made it evident that the government was pouring money into the country.