In general pandemic is bad for the economy, but for bitcoin market it's good now. People buy gold in times of business uncertainity and fear, bitcoin considered as crypto-gold. They are very much correlated.
Right but during bad times and especially during pandemic times people sell their assets they saved in good times which was the reason why Bitcoin went down earlier this year as people sold their assets and digital assets (bitcoins).
Nothing in the world is going well because of pandemics. Everything seems to have stopped. I think for this Pandemic, bitcoin is also having an adverse effect. I don't think it's right to invest now. Let a few days then a good decision can be made. Now your wish. You can invest if you want
That is how most of us were thinking but people who somehow invested in BTC when it went down to 4k earlier are now laughing at the market.
Overall impact was neutral in my opinion but the way market swung during these times was crazy and pandemic might not be the only reason, the sharp upward movement recently might also be a product of the Paypal adoption.