Post
Topic
Board Economics
Re: Corona Virus and The Effect on The Markets
by
kaya11
on 30/01/2020, 19:22:57 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.


Maybe because it can be one of a reason that a full grown country like China would accept again bitcoin as a means of payment, since a virus outbreak can destroy them in terms of economic growth. If it continues and never stooped and somehow goes to other populated country, then the country will be dangerous and people will keep on leaving the place and find a new home leaving China a ghost town. That is why Chinese maybe are secretly buying bitcoin for alternatives.