Why the pandemic and the coming economic downturn will accelerate Bitcoin’s adoption

City A.M. | Nov 18, 2020 at 12:38 PM
  • In October this year, Mode floated on the London Stock Exchange’s Main Market.
  • In the UK alone, according to the FCA’s latest report, the number of crypto asset buyers has almost doubled since 2019 (an estimated 2.6 million UK consumers have bought crypto as of today), indicating strong growth over the last 12 months.
  • Receiving support from billion-dollar blue chip companies such as Paypal, which recently announced that customers will be able to buy and sell crypto using their PayPal accounts, will also be critical in helping solidify Bitcoin’s position in the market and ultimately contributing to the asset class’s growth and maturity.