I realized a world that the wise said that, When people are sleeping transactions goes down mostly at night, grate people makes there money at night, no grate man sleep 6pm to 6 am, Bitcoin had a great value even during the COVID-19,If Covid19 happens to continue for 5 years, And the lockdown is still effective in all countries, bitcoin world have been the major currencies see as a medium of exchange, people will be afraid of going to banks of touching money from someone hands or holding physical cash, they will be really afraid of contacting Covid19,bitcoin will continue her transactions even when the countries are not in a good state.
The coronavirus had the effect on bitcoin that I thought it would at first when everyone was worried about this new virus this caused a crash on the price as everyone wanted to have cash in hand in the case it was necessary, once people realized that it was not ass bad as they thought but still bad enough the price went up and we hit a new ATH yesterday and this happened because people are finally realizing that the governments are going to unfulfilled their promises once an economic crisis comes caused by their money printing activities.