Cryptocurrencies
Bitcoin Bros Turn Hyperbolic as Slump From Highs Dents Appeal
- Twitter awash with posts about Bitcoin proving staying power
- Blockchain helping to save lives, says Pantera on donations
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Some of Bitcoin’s more vocal advocates -- long known for big pronouncements -- are highlighting the cryptocurrency’s virtuous characteristics as the price slump persists.
Twitter is awash with hyperbolic posts about how the cryptocurrency is likely to be the biggest beneficiary from current moves by countries to impose sanctions on Russia, something they say strengthens the case for the asset, which operates independent of any government. Crypto evangelists, seeing Russia’s ruble lose its value overnight, say the world is currently in the process of learning that Bitcoin and other digital assets will ultimately reign supreme.