Why would a movement protesting the decline in purchasing power support a speculative instrument? This is the question analysts ask themselves when they see the “Buy Bitcoin” injunction on the back of a yellow vest. But, you should know that since it was born in 2018, the movement of Yellow Vests is linked to crypto.
The common points between Bitcoin and the Yellow Vests
In the video of ittweet of Discover Bitcoin on August 29, we can see on the back of a yellow vest, the injunction “Buy Bitcoin“. This may seem interesting, but after analysis, we notice some points of convergence between the Yellow Vests and Bitcoin (BTC).
The two Elite distrust (political and financial), criticize the current economic system and aim to decentralize citizen self-organization. The Yellow Vest movement and Bitcoin (BTC) may be fighting the same fight, without using the same weapons.
However, some are intrigued that a tool linked to financial speculation like Bitcoin is linked to the Yellow Vests. After all, this movement favors purchasing power, which may seem incompatible with bitcoin (BTC).
In addition, you should know that there is a cryptocurrency that is part of the Yellow Vests movement since 2018. It is GiletJauneCoin (GJCO) worth about 0.0089 dollars present according to CoinGecko. The 24-hour trading volume is estimated at $14.65.
The GiletJauneCoin (GJCO) was created with the aim of “to support the international movement of the Yellow Vests in the legitimate struggle of people to determine themselves, and to regain their economic, territorial and monetary sovereignty“. It was “inspired by bitcoin” and is a duplicate of the Ethereum Classic (ETC) protocol.
Since its inception, the Yellow Vests movement has been tied to crypto supporting it in some way. In short, the GiletJauneCoin (GJCO) crypto price has increased by 10.6% in the last 24 hours. 10 months ago, in November 2021, it reached an all-time high of around $0.0315.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.