Post
Topic
Board Speculation
Re: Corona Virus will Impact the price of Bitcoin ?
by
gentlemand
on 05/02/2020, 19:31:45 UTC
In a way it could increase bitcoin demand as  people will avoid using cash and try to make contactless payments to minimize the exposure to this virus.

So in a way this deadly virus could work in favor of bitcoin(cryptocurrencies)

That's typical r/bitcoin straw grabbing 'this is good for Bitcoin' rubbish.

China is extremely cashless already. Hundreds of millions are using apps to pay for everything.

The only potential factor is whether the conventional economy takes a knock and whether that influences Bitcoin's price. I doubt that'll happen or it'll be impossible to detect.