Topic: Current US Economic Catastrophe Caused by Anti-Racism Movement has Impact on BTC - page 2. (Read 644 times)

I think he was considered as "NBA Player" because of the support he got from African-American NBA players. Unless the OP has mistaken him for "Paul George". Anyways, this is really sad though, it's just like history repeats itself here.

But I don't see any correlation though, I think people just wanted to connect this event to crypto specially on Bitcoin because we can see some protesters carry placards with BTC (Bitcoin) on it. Maybe they like sending some message that Bitcoin is freedom here, but I doubt it will have a impact as far as adoption or price goes.

Not everything that happens on the Globe has to be connected to bitcoin's price because i still believe a very small change of the world's population uses bitcoin as a mode of payment or trades in it. So even if there was to be an "impact" due to the Anti-racism movement. It sure as hell would be negligible to the bitcoin price movements.

I have also checked on George Floyd's occupation before he died, none says he was an NBA player, George worked as a security guard in a nightclub, though after the breakout of the pandemic, he was laid off: https://www.vantunews.com/wiki/biography-george-floyd I think op made a mistake or got a wrong information.
The looting going on is worsening the economy of the US that is already not in a good shape after months of covid-19 pandemic, but at that it has no impact on the crypto market. Many of us wrongly believe that a bad economy means well for bitcoin and cryptocurrency, but it doesn't, when the economy is good, people will have their jobs and make money, and it's that money they will use to buy bitcoins; people will also be able to restart their businesses and continue accepting bitcoins for payment etc etc, that is more good than harm and of course more adoption.

I can't see also some links or websites that says something like this about George Floyd's biography. Maybe he tagged as NBA player because of the recent news that some NBA players were giving their opinion and shows support to George Floyd.

What if the current charts that we're experiencing has its relation to it? maybe yes and no. There's something with S&P and bitcoin, can't say that it's a full connection but movements seen can be said that there is.

I don't see any archive/history articles, or wiki that he is an NBA player present nor previous, can you link where it was stated?


How is it that crypto market will be affected from the economy (negative or positive) of any country particularly in the US?

After a long time, a movement is re-emerging, you know that there is an Anti-Racism movement has been going on in the United State of America for a long time. The movement has intensified again in the last few months. This is not the first time in American history, it is often reported that black people are being persecuted by white people in America.  

We have seen police brutality against the black minority in America, the recent death of NBA player "George Floyd" is a burning proof of that, it is by no means desirable. He died of suffocation after a policeman grabbed him by the knees and strangle him, this is an example of barbarism.

Current situation is the movement has spread to every state of America. CNN reported that curfews have been imposed in at least 40 cities, but in many places, curfews has been broken and protesters have taken to streets.

The subject of concern that by using this movement some dishonest people are carrying out extreme looting. You know, at present the USA economy is deteriorating because of the coronavirus, local and global traders have suffered a lot for lockdown.  

USA is facing the biggest economy catastrophe in history as a result of this movement and the coronavirus epidemic. It is conceivable we will see the impact in the Crypto market in the next few months, a terrible catastrophe is approaching.