If countries slowly eliminate COVID completely, will it help boost bitcoins price even further or serve to deter bitcoin from increasing?
The only way to successfully stop the spread of this virus is through an effective vaccine. Although many laboratories are working on it, it is not realistic that such a vaccine will be available this year, at least not for mass use. Although the situation in the Northern Hemisphere is improving, it is very likely due to the influence of warm weather, which suggests that with the arrival of winter the virus may become much more active again.
Bitcoin is responding to positive and negative changes in the market, but some also argue that this is the right situation to test BTC in times of great economic crisis. The problem is everyone just looking at the price, and they expect it to get bigger every day, but most don't look at other aspects of the whole situation - which is how to actually keep something alive, and these are the people, the world economies and of course BTC.