Quote from: Latviand on February 03, 2020, 07:59:09 AM

How come that it would affect the market value of Bitcoin?

2 reasons:

1) Pandemic risk: how large are the expected (economic) losses?

Quote

The World Bank, for example, generated estimates of global income losses under different influenza pandemic scenarios. It found that a pandemic of the same severity as the 1918 influenza pandemic might reduce global gross domestic product by about 5% and that the disruptive effects of avoiding infection would account for about 60% of that reduction. Another study of the consequences of a range of pandemic severities included an extremely severe scenario that would lead to income losses of over 12% of gross national income worldwide, including losses of over 50% of the gross national incomes of lower-income countries.

2) BTC and global equity markets have been in strong bull markets for the last decade. I don't think this is a coincidence. It has to do with global cycles in investor risk tolerance. Simply put, BTC is a high risk investment asset. In that sense, it's similar to overinflated equities. In times of recession (like a serious pandemic), investors flock away from risky assets and into safe havens, so BTC should decline along with equities.