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Bitcoin Will Create a New Economic Elite in 2020

The COVID-19 pandemic has revealed serious problems of the currently existing financial system as well as the Bitcoin’s benefits over it.As many economies slowly begin opening up again, their stability remains uncertain. ​2020 will go down in the history books as the year financial markets suffered their worst day since 1987 and oil’s value went negative​ for the first time.Bitcoin (BTC) continues to increase in popularity across the globe, particularly as ​emerging markets ​with populations counting billions begin to recognize its potential. The asset has proven extraordinary resilience in the worst economic crisis of our living time — even overtaking gold as the ​best performing asset​ of 2020.The COVID-19 pandemic has pulled the breaks on the world economy, with the United States Federal Reserve — the world’s most powerful central bank — being left with no option but to print unlimited money from their magic money tree. The damage is estimated to cost at least​ $1 trillion​, its flow-on effect causing​ ​widespread unemployment​.The crisis won’t be over when the pandemic is, and it will reveal to the traditional financial system that there is a lot to learn. This year, Bitcoin will create a new economic class, and it’s time for all to pay attention to it — or miss out.