Nairobi, Jan. 14 -- Previously seen as a threat to Fiat Money currency by various governments and institutions, it is worth noting that in the past two weeks the value of some of the key cryptocurrencies has risen by 500 percent.
One of the key explanations being given to this is that developed countries are now printing money to finance Covid-19 response. And as such, cryptocurrencies are becoming a safe haven for many investors.
As early as April 2020, analysts had started to predict that the pandemic and wobbly financial markets were forcing investors to seriously consider cryptocurrencies in post-pandemic crisis. They argued that decreased demand for goods may result in long-term depression of profits, thus affecting the stock markets...