Bitcoin Booms Under COVID As Investors Flee Wall Street

Bitcoin continues to attract new investment as Wall Street suffers its third straight day of losses after earnings season fails to inspire investors.

BITCOIN IS THE WORLD'S LARGEST CRYPTOCURRENCY BY MARKET CAP. 

In brief

• Report suggests investors are increasingly interested in Bitcoin during COVID.
• Monero had a downturn after someone used the currency to solicit donations for hacking Donald Trump's website.
• Wall Street reports its third straight day of losses.

The Bitcoin praise train keeps on chugging today, as a new report suggests the global pandemic has been a boon for BTC, and a blight for everything else. 

Grayscale, the world’s largest crypto asset manager published a survey looking at the attitudes of investors who have bought cryptocurrencies. While most of the report stated the obvious: young, college-educated men with an interest in financial news were the most likely to invest there was one telling piece of data that has excited many. 

BTC

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Of its respondents who had invested in Bitcoin, Grayscale Found that 63% of Bitcoin investors said that the coronavirus pandemic impacted their decision to invest, and 39% said that the pandemic made Bitcoin more appealing.