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.
Couldn't agree more with you, mate. It's been shown time to time that most events in the mainstream world have little to no effects over Bitcoin's price. That's largely because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. This is good because it tells us Bitcoin is truly sound money. A COVID-19 vaccine won't move the crypto market in a downward trend, as people continue to buy and "hodl" Bitcoin. The public already considers the pioneer cryptocurrency to be a store of value like Gold. Prices could go down at times, due to Bitcoin's volatile nature. But not to a point where it crashes all the way down the drain.
Nonetheless, time will tell us what will lie ahead with the distribution of a COVID-19 vaccine. If all goes well, expect everything to go back to normal. Bitcoin will still be relevant as we shift into a cashless society. The level of interest by governments and central banks into launching CBDCs, tells us that Bitcoin and other cryptocurrencies aren't going anywhere. In fact, a post-COVID world should make Bitcoin more popular than ever. With each halving taking place every 4 years, prices will only go up in the not-so-distant future. Just my thoughts
