Post
Topic
Board Economics
Re: How Will the current pandemic affect the crypto market?
by
michellee
on 20/05/2020, 09:11:15 UTC
it affect , but not crash instanly i think , people withdraw after a month and after they realize how serious this pandemic was and the price slowly going to crash
People already realize that the pandemic is a serious thing that happens in almost country, so they concern with their health. We know that the crypto market is affected by the pandemic, but gladly, the crypto can survive until now, and the crypto market trying to rise again. And with the halving moment is already happening, people are waiting for the next bull run that can happen in the market.
bull run requires new money in the market to happen, and with the lockdown still implemented and people loosing their jobs, this idea might be very much not possible in the near future. But the Crypto market might rise after the end of this pandemic or when the country wide lockdowns are removed, but until then bull runs happening not seems possible at all.
Maybe that is one of many reasons for the market not to start to increase or start the bull run. I think when the lockdown is removed, and people can back to work or get the new work, the market will change too. And maybe that is a good time for the price to get started the bull run. So we hope that will happen soon, and we can make a lot of money again.