The CEO and co-founder of Bitcoin (BTC) investment app Bister, Aleks Svetski, said he thinks the COVID-nineteen pandemic has bolstered Bitcoin awareness.

"COVID was 1 of the all-time marketing campaigns for Bitcoin in history," Svetski told Morgan Creek Digital co-founder Anthony Pompliano in a May thirteen podcast episode.

Coronavirus has caused global doubtfulness

Since taking eye stage every bit an official pandemic in 2022, governmental coronavirus prevention actions accept caused concern slowdowns, rising unemployment numbers, and falling markets. The U.Southward. regime has taken several measures to right the sinking economy, including various funding tactics.

Svetski pointed dorsum to the smartphone invasion, saying he does not remember the transitional period between flip phones and total smartphone adoption. Similarly, over the next 10 years, the public's view volition change from hesitancy to confidence in Bitcoin, he explained.

Government tactics have created an illusion

The CEO said the government's economic counterbalancing tactics, such as money printing and bailouts, are not healthy. "We're actually tearing society apart," Svetski said.

While mainstream markets have bounced from their lows, numbers however evidence rising unemployment numbers, indicating a false sense of security compared to reality. "Mainstream and Wall Street are completely divergent," Svetski posited. "Maybe that's what triggers people to say — 'I've had plenty.'"

Recent days have shown a number of mainstream people and companies becoming interested in Bitcoin, including billionaire Paul Tudor Jones and JPMorgan Chase.

Prior to all the doubt, all the same, Bitcoin still showed promising numbers, housing $188 billion of invested capital letter in February 2022, CoinMarketCap data showed.

Cointelegraph reached out to Aleks Svetski via Amber for additional details, but received no response as of printing time. This article will be updated accordingly should a response come in.