Post
Topic
Board Economics
Re: Bitcoin after the pandemic
by
WatchMaker
on 29/03/2021, 15:46:42 UTC
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.

Exactly, the COVID-19 pandemic was very good for bitcoin and the entire cryptocurrency ecosystem because the pandemic has opened an eye for many people about bitcoin and cryptocurrency investments. During the COVID-19 pandemic lockdown people were looking for investment opportunities while at home, they are looking for investment opportunities online and here comes the bitcoin - that's what definitely changed the game.