Opinion: Bitcoin Has Shown Great Resilience Following Twitter Hack

Bitcoin has reached something of a pinnacle in its short, yet significant existence. Recently, the currency was put to the test through a Twitter hack that saw the overtaking of some of the highest-ranking social media accounts to lure unsuspecting victims into a digital trap, and yet despite everything that’s happened, the currency is remaining strong and resilient.

Bitcoin Has Grown in Strength Despite Twitter Fiasco

The Twitter hack saw the likes of former president Barack Obama, Joe Biden, and Tesla mogul Elon Musk at the center of a scam in which hackers overtook their social media accounts and tried to get followers and users to forward BTC to anonymous crypto addresses. The plan was relatively massive in scale considering which accounts were compromised, and the asset’s reputation has since been placed in jeopardy. Bitcoin has had a hard-enough time shaking the image that it is widely used for criminal or illicit purposes or that it is the prime currency amongst dark web users. While the currency has been utilized for such enterprises, the numbers may have been blown out of proportion in the past. The currency is also used for several positive ventures, such as the building of a ravaged economy in El Salvador. Read More...

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