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Thursday

26 November 2020

How has the COVID-19 pandemic affected the crypto space? Experts answer

How has the COVID-19 pandemic affected the crypto space? Experts answer


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Just two months later, in March, the World Health Organization declared COVID-19 a global pandemic.

The conversation unearthed two terms, rarely used before, which have now been declared 2020 words of the year by British Collins Dictionary: “lockdown” and “social distancing.”.

It’s hard to imagine which spheres of our lives have not been affected by these dramatic and tragic events, with the number of confirmed global cases exceeding 55 million.

Specifically, the COVID-19 outbreak has propelled Bitcoin’s (BTC) safe haven narrative as central banks print an estimated $15 trillion in stimulus in an attempt to ease the pandemic’s effects on global economies.

Not stopping there, governments have also taken another step in eroding civil autonomy via the development of central bank digital currencies, initiatives for which have been boosted globally due to the COVID-19 crisis.

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cointelegraph.com
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