Bitcoin May Have Found Its Floor — Bitboy Crypto

The crypto world has been rattled by the coronavirus crisis, but things may start to pick up, according to one famed crypto commentator.

“What we’re seeing right now by bitcoin is that it is resilient,” Ben Armstrong, founder of the famous YT channel Bitboy Crypto, told AGX Media in early April.

“We may have already found the bottom.”

Bitcoin took a hit last month but prices have since recovered, now trading over $6,700.

More and more people are interested in cryptocurrencies, especially bitcoin, Amstrong noted.

“If you look for google trends right now and where ‘buy bitcoin’ is, the searches have spiked,” he said.

“A lot of people, who are interested in crypto and bitcoin and were sitting on the sidelines, are getting in.”

Armstrong also touched on stable coins during the interview, noting that they may be the best route to mass adoption into cryptocurrencies.

“I definitely believe stable coins have a place in the market,” he said.

“I would say, while everybody is talking about the U.S. dollar collapsing…the easiest pathway to adoption for digital money is through stable coins.”

As a final note, Armstrong wanted to remind viewers to be patient and remember why cryptocurrencies are so important.

“This is a very special time for cryptocurrency. This is a moment where we are going to see which direction we’re going to go against the market,” he said.

“The important thing is to remember the underlying ideals of cryptocurrencies, which is that we should be our own banks. We need a total overhaul of our financial system and I think we’re going to get it one way or another.”