What does corona virus have to do with bullish bitcoin ?? any effects
it will certainly have an impact but it will be an indirect effect. let me explain this. As the corona virus becomes more and more powerful and in turn loses many lives, China will be more tightened in terms of protection and isolation, the government will have to spend a lot of money to build a new hospital and research vaccine. Besides, China and the 12 countries bordering China have closed the border with China. This will cause heavy losses in the economy when foreign trade is delayed. And at that time, the value of CNY will certainly decrease as well as stocks and public debts will increase sharply. We can think of an economic crisis if this pandemic spreads even more. People will soon buy bitcoin and make its price go up. Actually, Bitcoin and Gold are quite similar now.