So it would seem there is another Coronavirus wave on the way, at least in some countries.
Last time the pandemic struck, we saw Bitcoin price plunging hard.
Will the same thing happen again, can we expect the new lows?
What are your thoughts?
The same thing repeating itself? Lol that’s something that we cannot tell. It’s just like it happened the first time, none of us was able to predict that the price will be falling when the pandemic started. Some people here even said that the pandemic would be good for Bitcoin and they started to make some crazy predictions and how BTC will reach $1 million, but at the end BTC still dropped to a low of $3,800.
So, we are not sure about this second wave of Coronavirus. If it gets down, there are still lots of chances for further slow progress of economy everywhere which cannot be good for anyone but I am sure when stocks are not doing good, gold will perform well then why not bitcoins. The current pandemic will definitely get positive impact for bitcoin ecosystem by bring more investors into board.