Will bitcoin go back to its old ways according to the law of halving in the past?
The only difference is novel coronavirus epidemic has great impact on the economy, and all central banks are letting water go.
How is this money going to the currency market? How can bitcoin highlight the legal currency siege and become an important option for global asset allocation, rather than gold or the US dollar.
What do you mean by "its old ways"? I don't think the pandemic changed much about Bitcoin besides the fact that we can't do ATM and face-to-face transactions anymore in some countries (at least not easily).
Bitcoin isn't a widely-used and adopted currency, so it can be highlighted when it comes to some features such as transparency, decentralization and its trustless manner especially during these times but I am not sure whether it's a viable solution to the future economical problems or not. Only time will tell. What we say is just predictions and nothing more imo.
So far, most people have been using crypto specifically for speculation and only few try to stay on track and follow Satoshi's vision by utilizing Bitcoin with p2p platforms and the decentralized way. Most prefer comfort instead, so how are we supposed to see BTC as an important solution to the current crisis when most people only see it as a wealth-generating machine or a speculative asset?