Why has cryptocurrency become popular in quarantine?

Surprisingly, the coronavirus pandemic has only increased the demand for cryptocurrencies. Why has it happened? The answer is simple: in early April doctors asked people not to use cash during the epidemic.

This situation has affected the frequency of cash usage in the world and the popularity of cryptocurrencies. According to Justin Gillespie, the CEO of Titus Investment Advisors, the longer people can’t go outside, the more valuable bitcoin becomes, because it can be safely sent and received from home.

Of course, the cost of digital coins began to grow and the growth has been going since the middle of last month. Bitcoin, Ether and many altcoins have almost doubled in price over the past three weeks. The market capitalization reached $209 billion, although it fell below $140 billion on March 13.

Thus, during the quarantine, while cash will be at risk, more and more people will learn about digital money. And in the end, this can lead to their further increase in cost.