China is one of the major players in the cryptocurrency market, the country's strict administrative system, the imperative to solve any problems. The coronavirus is not in a single province of China, it is a risk to economic security.

If the epidemic gets out of control, the consequences could be most severe, given the high level of corporate defaults. The regulator will have to introduce strict measures, restrictions not only on the movement of people but also on capital.

Therefore, Bitcoin, which has gone from a repository on the site to amass technology for cross-border movement of capital, can get hundreds of millions of new users who simply physically restrict transactions with Fiat currencies. Not to mention the fact that mining farms may stop: the complexity of the network will fall, which will be used by other countries.

If we talk about the impact of inter-market relationships of assets, one of the main drivers for Bitcoin is the price of gold and the exchange rate of the Chinese yuan, the correlation of prices with which is obvious. If the coronavirus epidemic forces a state of emergency in the country, it can be assumed that against this background there will be interruptions in gold production, which will lead to an increase in prices for the precious metal. For the same reason, the exchange rate of the Chinese yuan will begin to weaken, which, as in the spring and summer of 2019, may lead to an increase in the price of Bitcoin (then the correlation was quite high).
It seems to me that in this matter of forecasting, it is very important to be able to combine a number of factors together. Personally, I work together with my reliable partner Roust Semy. His extensive experience in the field of cryptocurrencies helps to avoid risks even in such difficult situations.