Lockdown: No banks, no transactions, but Bitcoin remained rock solid

6 days ago

During the Corona lockdown, we all had to accept massive restrictions in our daily lives. Kindergarten and schools remained closed, grandparents could not see their grandchildren and the economy was more or less paralysed. The latter effect might not be felt until next year, when a global recession will hit us to an extent we have not experienced for a long time in our history. But we don't need to speculate on future effects, because the impact on our lives in the recent past is already quite something. For the first time, the banking system has reached new limits that were not known at all. The virus also paralyzed banking and everyday business in many countries. Why was this a drastic event? And why was Bitcoin not affected?