How Will Chaos Affect Cryptocurrencies?

Protestors demonstrate outside of a burning fast food restaurant, Friday, May 29, 2020, in Minneapolis. Protests over the death of George Floyd, a black man who died in police custody Monday, broke out in Minneapolis for a third straight night. (AP Photo/John Minchillo)

TV presenter and fiery Bitcoin advocate Max Keiser attributed Bitcoin’s latest price hike to the political turmoil.

Keiser said that buying Bitcoin and regaining individual sovereignty could be the ‘only way’ to beat the system.

Protests Started Everywhere

After the death of George Floyd, major protests took place in more than 30 cities. Floyd, who died after police officer Derek Chauvin was tortured during the arrest, left behind the spark of a great protest.

Peaceful demonstrations quickly intensified with the influence of the crowd. It is reported that countless businesses are looting now and protesters are clashing with the police.

President Donald Trump commented on the incident that triggered anger, saying that Americans are full of ‘fear, anger and grief’.

Turning Chaos into Advantage with Bitcoin

Keiser encourages everyone to ‘make money’ out of their anger with Bitcoin and buy their freedom.

As US-Iranian tensions rose in January, Bitcoin’s price rose sharply, which fueled the rhetoric that the leading cryptocurrency was a safe haven.

Although BTC fell with other assets when the pandemic was announced globally, it recovered quickly and made investors realize the durability of the asset.

BTC price rose to $ 9,760, the highest level since May 20, as the uprisings increased, before returning to the current $ 9,585 price level as of writing the news.


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