Post
Topic
Board Economics
Re: Bitcoin after the pandemic
by
martina14
on 11/04/2021, 18:38:13 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.

In your statement, it is seems that you are emphasizing that this pandemic is the main reason why Bitcoin got spike its price value in the market, based on what I analyze your topic here. If ever it is true, I fully doubt that this pandemic has no relevant or connection into this pandemic of its price. But I can' t deny that a lot of the people in the whole world was definitely got interested to learned how to earn online and most of them realized that cryptocurrency is one of the effective way this matter anyway.