Out of all the years that have passed in the 21st Century, the Year 2020 has been the cruelest. This year has filled the hearts of people around the world with fear and dragged down global economy. All the credit for this chaotic situation goes to none other than the COVID-19 situation.
The Coronavirus resulted in mass lockdowns and curfews around the world, and shut down thousands of companies. This resulted in millions of people losing their jobs with no further opportunities due to the pandemic. Countries stopped cross-border trades with fear of the coronavirus spreading through supplies and other means.
For the first time in history, the entire world had found itself walking on a dark path. There were hardly any sectors that we’re able to operate in the state of a pandemic to help keep the world economy run on fumes. Even now, there are countries like France and Spain that have imposed restrictions across their borders.
In times like these, it was the Cryptocurrency Industry that emerged in the form of a messiah. The Cryptocurrency platform provided needy people the opportunity to make a living by performing cryptocurrency trades to make profits. There was a time when the majority of the people perceived the cryptocurrency industry as a fraud.
However, with the current turn of events, this perception has started to take a new shape. People have started trusting this platform and are making more investments to earn more rewards.
When the lockdowns were lifted from many countries in September, the prices of Bitcoin (BTC) did go down from $11,000 to $10,300, which happened due to some people going back to their offices to continue their duties.
But, this did not stop Bitcoin (BTC) from maintaining a stable position in the crypto-economy. As of now, Bitcoin (BTC) has remained above $10,000 for more than 60-days, breaking its own previous record of staying above this price.
As of now, there are many e-commerce solutions that have shared their plans of adopting the cryptocurrency-blockchain technology and use it to attract more users and investments. All of this is being done because many e-commerce giants have recognized the worth of crypto-blockchain technology and the benefits of its adoption.