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.

Read CRYPTONEWSLAND on Google News google news

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. 

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

related posts