Bitcoin adoption is set to rise amid the current situation in India and Hong Kong. The current turmoil in Hong Kong is leading to a disruption in banking services. Many protestors are boycotting HSBC Bank due to its alleged involvement in the political arrests. On the other hand, authorities in India are being accused of religious profiling of its citizens. Such economic and financial events can cause unrest among citizens. The fearful environment created by such events can shift people towards using cryptocurrencies that are decentralized in nature. When citizens fear their government, the trust reposed in the traditional financial
