Coronavirus has made us stay home for months now, Bitcoin's price rised while most stocks crashed. Bitcoin's price rise probably has something to do with Coronavirus, People are staying home, buying things online to avoid contact with other people. My question is are more people being initiated to Bitcoin and are Bitcoins scams more frequent because of covid-19?
That is highly unlikely because we cannot even determine what is the reason on why Bitcoin's price rising at different situations. There was no pandemic in the year 2017-2018 but Bitcoin's value was high too. Although scams are more frequent during these days since some people are using this opportunity to lure people without knowledge to invest into something they do not fully know which adds more damage to people who just wants to look for a job during this pandemic.