Mode Banking CPO: Bitcoin poised to succeed due to shift in investor mindset during COVID-19
Join Our Telegram channel to stay up to date on breaking news coverage In a recent interview with Insidebitcoins.com, Mode Banking Chief Product Officer Janis Legler stated that Bitcoin might be successful thanks to the mindset change by investors after the coronavirus pandemic. Legler also talked about the general cryptocurrency regulation progress in the United Kingdom. During the interview, he also talked about the potential of Central Bank Digital Currencies (CBDCs) in 2020. Legler further delved into Mode Banking’s expansion plan outside the United Kingdom. In the wake of the Coronavirus lockdown, Mode reported that the volume of Bitcoin traded through the Mode app increased by almost 1,000% in the last week of March. From this scenario, what trend can we expect from Bitcoin trading in the post Coronavirus period? The week after the UK went officially into lockdown and global financial markets saw a sell-off of almost 30%, Mode saw its biggest spike in trading activity...