First Mover: Bitcoin Market, Like Wall Street, Shrugs Off Nationwide Protests

There, in the midst of a protest against police brutality in Austin, Texas, stood a man holding a makeshift cardboard sign that read, “Bitcoin will save us.” 

The image, tweeted earlier this week by the ProPublica journalist Jessica Huseman, generated 789 retweets and 2,400 likes. Some twitterati said bitcoin had nothing to do with the protests, while others argued that flaws in the current financial economic system have contributed to the wealth inequality now helping to fuel the foment.

The protests, some of which turned violent and led to vandalism and looting, have spread internationally following the death of George Floyd, 46, a black American who died in Minneapolis after being taken into police custody followin a report that a $20 counterfeit bill had been passed at a nearby corner store.

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