Why 2020 should be the year of bitcoin

Greetings! 👋🏻 Today, we will tell you why 2020 should be the year of bitcoin.

📉 Due to the significant collapse of world markets and the isolation of most countries against the backdrop of the unfolding coronavirus pandemic, some analysts predict that the shocks through which the global economy passes in 2020 can overshadow the scale of the 2008 financial crisis.

The founder and CEO of Galaxy Digital, Mike Novogratz, recalled that the creation of bitcoin was a consequence of the 2008 global economic crisis, and it is likely that this full year of trials could seriously push the cryptocurrency industry. Novogratz published an optimistic tweet about Bitcoin just a few hours after the US Congress was unable to adopt a package of economic measures to combat coronavirus:
💬 “Bitcoin will continue to demonstrate volatility over the next few months, but such a macroeconomic background is why it was created. This year will be and should be the year of bitcoin.”

This month, all traditional assets have seriously fallen — this has not been seen on the markets since 1987 — this decline affected the first cryptocurrency. At some point, Bitcoin lost 60% of its value, dropping to some $ 3600 on some exchanges.

Frightened by the coronavirus, investors continue to sell their assets in panic. Nevertheless, Novogratz remains optimistic and sees potential opportunities for the growth of the main cryptocurrency against the backdrop of a developing crisis. After all, Bitcoin — a cryptocurrency that is resistant to censorship and manipulation with limited emission — was developed precisely as an alternative to an unstable world monetary system.

💬 Changpen Zhao, CEO of the largest cryptocurrency exchange Binance, agrees with Novogratz last week — he said that he was absolutely sure that Bitcoin will take its place in the future as a safe haven for assets, given that its emission is limited and impossible to manipulate like fiat currency.

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The main characteristic of PZM Cash is its focus on the rapid scalability of both the money supply and the offer of services from developers and partners. The development and scaling of PZM Cash infrastructure can be carried out in several directions including creating of Dapps, protocol export, currency from partners.

Read more about PZM Cash here: https://pzmcash.com/en/
And in our white paper: https://pzmcash.com/docs/WP_MARCH2020_ENG.pdf

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