Post
Topic
Board Speculation
Re: COVID-19 Vaccine Will Cause Bitcoin Crash
by
blckhawk
on 20/12/2020, 14:53:32 UTC
The market growth is promising and the same is being related with different things. This is so common, whenever there happens something positive with bitcoin people start to relate the growth with any of the incident happening around the market. Covid-19 vaccine will not make any impact upon the cryptospace, because the market isn't reactive to sentiments.
Exactly there's no direct connection between the two. Even if the vaccines have been out to the public still I don't think of any reason why it will have a big impact in crypto, is that because people will sell their holdings just to afford the vaccine? I don't even think that vaccines would be that expensive though. I'm not gonna lie that there's a chance that Covid-19 could probably help Bitcoin to surge because some folks in the stock market could probably move into crypto space to save their investment. But I don't think that it will also cause a plummet for Bitcoin when the vaccine is done because first of all, it's been a cycle that after a rally there will be a correction. Thereby I don't see any connection between them.