Bitcoin To Get Stronger Following The Global Crisis

The crypto market looks pretty bloody today, with most of the coins trading in the red.

At the moment of writing this article, BTC is trading in the red as well and the king coin is priced at $11,267.92.

Tom Emmer believes that the largest crypto will not be going away once the global crisis that’s been triggered by the pandemic comes to an end.

Emmer is a known industry advocate, and he was just mentioned by the online publication Cointelegraph.

He said that BTC would get even stronger when the chaos all over the world comes to an end.

He strongly believes that Bitcoin and blockchain will continue to become more important.

“As we come out of the crisis, Bitcoin ain’t going away, it’s gonna get stronger,” the Congressman said during an Aug. 3 interview with co-founder of Morgan Creek Digital Anthony Pompliano, as noted by the online publication mentioned above.

He also said that both Bitcoin and its underlying technology of blockchain will “continue to become more and more important” and see many more advancements due to its unprecedented value.

“You just watch, it has value, when something has value, people are going to take risks and it’s going to advance,” he explained.

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Bitcoin massive transaction spotted on the blockchain

Just the other day, we were revealing that an enormous transaction has been spotted on the blockchain.

The transaction is making waves because of the insanely high amount of moved coins, as the high-rolling crypto whale transferred a whopping total of 88, 989 BTC on Monday, August 3rd, for a transaction fee of just $9.15, between accounts.

The massive transfer was first noticed by the blockchain tracker known as the Bitcoin Block Bot. 

There have been a lot of optimistic BTC predictions made especially since the king coin was able to smash through $10k and even $11k.


Companies Mentioned

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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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