Masses Trust Bitcoin (BTC) More Than Central Banks

Bitcoin Network has transferred $17.78T in 2022 already
  • Tweet reveals how the public has more faith in Bitcoin (BTC) than in central banks. 
  • Over 30,000 BTC was added to exchanges in the last 30 days. 
  • Brazil’s XP launched its Bitcoin exchange to its 3.6 million customers.

The crypto community on Twitter confirms that they have more faith in Bitcoin than they do in central banks. To highlight, the following statement was confirmed by a tweet from Bitcoin Magazine.

The tweet received over 3,200 likes and 1,500 retweets in under 7 hours. This is clearly a sign that many agree with the statement. More so, it affirms the Bitcoin philosophy of decentralizing finance for the masses.  

More evidence comes from the growing interest in crypto and Bitcoin (BTC) since the end of the recent crypto winter. For instance, 30,830 BTC made it onto exchanges in the last 30 days. That is to say almost $740 million worth of BTC was added to crypto exchanges in just the span of one month. 

It seems that another statement on Twitter was confirmed with this data. Lady of Crypto says that bear markets filter out the impatient. Indeed, steadily Bitcoin (BTC) HODLers are thriving and attracting more determined inventors to the crypto market. 

Adding to this Bitcoin (BTC) drive, Brazil’s brokerage XP finally launched their much-awaited exchange today. Specifically, the platform launched their Bitcoin exchange launch for around 3.6 million customers. This came right after they announced their BTC and ETH trading services.

Bitcoin also rallied crypto believers today as its price soared over $25,000 for the first time in 9 weeks. In line with that, crypto analysts expect the price of Bitcoin (BTC) to surge up to over $28,000 soon. 

Earlier this year, some crypto believers say the price of Bitcoin can hit $250,000 by the end of 2022 or by early 2023. So far, the Bitcoin and crypto community is holding high hopes to see a new all-time high for Bitcoin. 

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A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.