Why was May Important for Bitcoin (BTC)?

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Matt David Kaye, Managing Partner of digital asset protection fund Blockhead, made statements about the role of Bitcoin (BTC) in modern conflicts between individuals and the state.

Breaking Monopoly

If we look at it from a historical perspective, Kaye said that, although nothing unusual, millions of people had difficulty both economically and administratively in this democratic and authoritarian state during May.

Kaye admitted that monopoly of money has been in the states for centuries and that it has not changed for generations. However, the expert emphasized that this situation could always be “that way or some things may change”.

Giving people the choice opportunity in this regard is what makes Bitcoin, the leading cryptocurrency for Kaye, the most interesting.

Currency of Difficult Times

In 2020, Bitcoin (BTC) was often called the safe haven. For example, when the US attacked Iran with a drone attack in January, Bitcoin price reached $ 29,000 while the US was on the ground of financial collapse.

In April, when Banque Du Liban (BDL), a central bank in Lebanon, started receiving ‘hard money’ money from its citizens, ‘Block Swan’ writer Nassim Nicholas Taleb suggested Bitcoin (BTC).

Finally, when the unpopular measures of the US Fed Reserve confronted the US Dollar with excessive inflation, the investment community mentioned Bitcoin (BTC) as the only reliable asset.

Again, Robert Kiyosaki, the author of the real estate investor and best seller books, is confident that Bitcoin (BTC) can prevent the dominance of the US Dollar.


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