Post
Topic
Board Economics
Re: State influence for cryptocurrency
by
CASTIEL05
on 16/10/2020, 14:11:54 UTC
Sorry i'm not getting your idea

What I meant is even some countries don't allow the use of cryptocurrencies directly for usage, but a lot of country allow the use of cryptocurrencies for investment. And that's what i meant about the investors of crypto. For example, my country allows the use of cryptocurrencies as an investment, and my country is in recession now. It is surely affecting the investor from my country, and a lot of them withdrawing their assets in crypto for their living.
Obviously speaking, the cryptocurrency investor either in legal or illegal countries located have difficulty in investing in cryptocurrency due to the pandemic. It will slow down our buying force because there are investor who will think the future phase of cryptocurrency. Maybe, the people who suffers a lot in pandemic may stop also their investment in cryptocurrency while others may continue their journey in crypto. Those who continue the journey incrypto are those who are businessman who had to shut down while in lockdown period. In order to have some passive income, they try to enter the crypto market again.But as a whole, the influence of pandemic in cryptocurrency can be consider as massive.