Many are associating the Corona Virus has something to do with the crash of the market, because they theorize that people are liquidating their shares or coins and converting it to fiat so they can buy basic necessities in case these pandemic, but what if our medicine experts finally find the cure, will the market recover because of this news?
What's your take on this?
That's quite true, the crash all points towards a global panic as most nation has declared emergency lockdown and some country have restricted movement both in and out of the country while others have stopped every public gathering which has affected many businesses. Irrespective of all these, finding the cure doesn't guarantee the stop of the spread of the virus, the medicine might not even be easily accessible to most affected individual as it'll more costly and just used as a means of making profit just as other cures has been used.
The general public are misinformed that's just the reason behind the panic, the situation can only get better when they get inform on how speedy most cases are getting cured and the death rate isn't that deadly when compared to other viruses that have hit the human race in the past.
The media aren't doing their job right, they're mostly interested in views instead of giving their audience the right and correct information, Corona is deadly but it can be cured and it isn't that serious as the media make it to look like.