Post
Topic
Board Economics
Re: Corona Virus and The Effect on The Markets
by
HarmonyA
on 03/02/2020, 21:37:22 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.

China's intensely controlled securities exchange is a moderately immaterial pinion in its economy, however the following not many months are probably going to demonstrate difficult to an economy despite everything reeling from its slowest development in three decades.
This will may affect the crypto market negatively and positively.
Negatively as China is more concern at restoring sanity of the population health in order to maintain its place in the world economy.
Positively,  as a lot of person would prefer using electronic transaction to reduce bodily contact with people.