I believe we never need to consider how world economy is doing and where is the current pandemic is heading. Because, bitcoin is a speculative market and it is highly insulated from world economic incidences hence if people find bitcoin will be beneficial for them both in long and short run then definitely they will get into it regardless of how their economy position is doing with respect to their country.
This is exactly right. Bitcoin is only correlated to human need for it. That is it's purpose and has been since the early days.
I cannot believe the garbage I hear these days that is written in the Blockchain press, e.g. "Bitcoin rose 4% as the Fed stimulus bill began to kick in and COVID-19 fears abated in parts of Europe". If you are new to Bitcoin, all I can suggest is that you study some history of it, and in particular of its community focus, original utility as the unit of payment to fund Julian Assange's legal campaign, use in Afghanistan, Iraq and even Greece as those countries' national currencies became eaten up daily by inflation. Are we - any of us - really above these events now? We have people rioting on the streets about human breeds (race)? We believe in mythical viruses that kill millions in a fell swoop without evidence. We believe and trust our mainstream media executives and place our trust in the incompetence of politicians who apparently are 'democratically elected'. We are one away from self-destruction today, and all there will be left in the clean-up for the ones who are strong enough to see it through is really that which is immutable to control, that which represents true value storage, practical, digitally-enabled utility, and which is already by far the most decentralized we can find.
Since we are not halting our belief in mythical deaths and since we have no courage to stand up to the blatant corruption that has been caused, cross-party, trans-nationally, in our own names, it's only a matter of a relatively short period of time until something gives.
Human need for Bitcoin will surge when this house of cards goes up in flames and when the most ignorant of society are condemned to the heat of its embers on the barn floorboards: at that point, Bitcoin will end up a lot bigger than most people imagine.
It won't be long, so watch closely. To think otherwise is to point to a single capable individual in the world apart from various Asian leaders (who are doing great) as being competent. The first world is sinking into a new version of the third world, one we may call the fourth world. Bitcoin will be one of the lifelines out of that and we are probably only talking 2-3 years there on the clock for that to transpire. Tick, tock.