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?
Yes surely it would recover the markets in minimum time if ever the medical experts or the WHO finds a cure for this virus. But, it is not actually possible to find a antidote in a minor time as it would at least take a year to develop a vaccine for this corona virus and by that time many people would already lose their lives. This is bring the markets on the bottom as also we could see that most of the common commodities including hand sanitizer and soaps too have been in an increasing demand and so their prices are sky rocketing.
Now, most of the people would need huge funds to stock up the basic needs and hence people might move their money out from the markets.