Quote from: mazdafunsun on Today at 11:17:04 AM

Quote from: BlackHatCoiner on March 05, 2021, 07:43:21 AM

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

How do you know that it was the reason for Bitcoin bull run?
Maybe it was because more and more people started to trade as an hobby, maybe the liquidity from stock market little by little started to come in bitcoin space. People often want to have story behind certain events and this seems like that.

Well, I think he has a point, this pandemic helps Bitcoin to reach what it is now, not the main reason, yes but one of a factor. Remember when pandemics hit, the stock market got really hit hard and some investors from it find another way to save their money and Bitcoin somehow became a safe haven of some sort. And now they have seen the potential, adoption continues until big institutions and prestigious person like Elon Musk starts to invest with it. You also have a point there like the liquidity from the stock market started to come in Bitcoin. It is more likely a chain I think.