Post
Topic
Board Speculation
Re: Corona Virus will Impact the price of Bitcoin ?
by
arwin100
on 02/02/2020, 13:14:58 UTC
The corona virus has been attacked in many countries. Many People have died and many more people have been attacked this virus. so do you think situation with corona virus will impact the price of Bitcoin.
Do you really think that new people will buy more bitcoin and will adopt cryptocurrency if corona virus will spread more in every country? I don't think so because this kind of epidemia will only effect the global economy like mortality, and production of drugs and medicine.
I think that if this Corona Virus outbreak becomes great all over the world, the production of paper money will likely also be hampered, many people will doubt paper money, because it can be the object of transmission of the virus, I think Bitcoin will be one of the possible currencies just used for their safety

It depends on situation since not all can think straight if the panic will occur and also not all of the people knows how to convert the Fiat to BTC since the global adoption is not yet great as of today, but the one I see here if this situation will prolong for sure the global economics will be affected since the tradings or other services will stop and this could trigger a financial crisis.