Post
Topic
Board Altcoin Discussion
Re: How corona virus affect on the Crypto world?
by
dataispower
on 05/05/2020, 14:04:07 UTC
I believe in Bitcoin in the long run, but when I heard about the unemployment rate because of Coronavirus increasing every week, I feel worried. How it will affect the crypto world?

Update 2020.04.29:
I do not reply to each member for this discussion because it can make the topic nonsense with my comment. Instead of that, I will summarize here:
Thanks for all the responses.
In general, some people worry about the job, lack of money, but most of the comments are positive about the crypto market.

Corona virus in the real sense should boost the crypto market, i was astonished at the rapid fall in BTC price due to covid19, before this recovery to around 9k region. If people get skeptical about using FIAT money since it can be a carrier for the virus, then people ought to embrace digital money, including BTC but that's not the case now. Talking about people losing their job due to the virus, jobless people who get to know about crypto will likely invest in it or start say airdrops/bounties for the mean time. Also donations by Binance, Kucoin and other crypto exchanges for instance could create more awareness for crypto.