Post
Topic
Board Economics
Re: Corona Virus and The Effect on The Markets
by
FlightyPouch
on 09/02/2020, 23:58:46 UTC

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I
If this virus takes to long to get a cure and wreck havoc all over the world, all the economy will suffer from this, the market will have an advantage because people will start converting their assets to Bitcoin, because the economy will slow down because of this epidemic that might soon become a pandemic.


Let's not be pessimistic and optimistic at the same time. The price chart is taking a good path but that doesn't mean that it is because of this outbreak. All we know is that the economy is largely affected and that is not just applicable to China but to other countries as well that is exporting and importing goods and other things into a country like Japan.