Good day,
forgive a newbie question please. I am new on the bitcoin scene and I am also pretty fresh in economics. I am learning, I suppose that is what I wanted to say. I was an ignorant for a way to long and now I trying to gain knowledge to be a little wiser. I got a bit lost because of the pandemic and I wonder is it good to invest in bitcoin and stock market nowadays or should I wait and see what is the market response going to be. I was pretty sure I got a hang of it but the situation changes so dynamically that it is hard for me to follow.
I'm surprised that it turns out good for the market, I thought the market will crash big time, everyone was worried but it managed to bounce back, thanks to the whales and industry leaders, they made a big difference of supporting the market during it's bad times, right now it's still doing good in the market and soon the pandemic will be over, I like the scenario after we are back to normal.
We can say that the coronavirus pandemic has had an ambiguous impact on cryptocurrency. Overall, however, it turned out to be more positive than negative. First of all, the forced isolation and the impending threat of large inflation and even the global economic crisis made people more interested in cryptocurrency, and governments to look for an alternative to cash, which turned out to be carriers of the coronavirus.
It cannot be said that the current high growth of the cryptocurrency market was achieved only thanks to the coronavirus pandemic, however, a certain share of success belongs to it.