Great news today: "us pharmaceutical giant Pfizer and German biotech firm BioNTech have announced that their coronavirus vaccine is more than 90% effective in preventing Covid-19 among those who have no evidence of previous infection."
https://www.cnbc.com/2020/11/09/covid-vaccine-pfizer-drug-is-more-than-90percent-effective-in-preventing-infection.html#close
And we see an instant reaction of the market to such a statement.
What will happen to bitcoin in this case?
Its good to hear that there are already a vaccine for COVID-19 but the really problem is that how long does these vaccine be distributed in every each country. The distribution will take too long I believe due to different cases. As of now bitcoin have been improved its value and will continue to grow due to pandemic. The digital currencies as of today's are at most used on every transaction and soon people will gonna used to it due to its convenience so Bitcoin price will still be popular.https://www.cnbc.com/2020/11/09/covid-vaccine-pfizer-drug-is-more-than-90percent-effective-in-preventing-infection.html#close
And we see an instant reaction of the market to such a statement.
What will happen to bitcoin in this case?