Post
Topic
Board Economics
Re: Corona Virus and The Effect on The Markets
by
qwertyup23
on 30/01/2020, 12:32:30 UTC

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.

The virus just started less than a month from now but if it remains to persist, it may definitely affect the stocks and the general price of goods in the market. As of now, businesses that produce face masks, alcohol, and other medicine related stuff are on the positive side as more people demand these products.

One thing you have to consider is the impact of the virus to the public. If people are not willing to leave their houses for fear of acquiring the virus, people who usually do their business at their house are unaffected by it (e.g. traders, stocks, etc.). But again, this kind of epidemic may be unpredictable and affect foreign relations of countries to China despite prioritizing their current health situation.