COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
I think everyone suffered a lot from the pandemic, but poorer countries and smaller bs usinesses were hit harder than others. The US printed tons of Fiat, and inflation is already a bit higher than expected if I'm not mistaken. As anfor Bitcoin, it recovered from the initial hit of Ma rch 2020, and I think it became largely independent from the pandemic, unlike the global economy. So the price can go up or down, based on other events and their media coverage, but it's impossible to predict where it'll go.
This pandemic has made everyone to struggle even harder and the price inflation is even more growing when it comes to goods and services. Poor people are becoming even poorer and there's no way our economy will recover if this covid 19 variants continue to appear and infected people.
However, when it comes to crypto market, either prices will go up or go down, that is already expected knowing the market is very much volatile. But still some investors do not understand the market's high volatility mostly newbies and continue to become stressed out seeing the prices keep on declining.
Since the existence of this pandemic, we can't deny that it really has a big impact on the economy of each household,
both the rich and the poor are affected but the most difficult is of course for the poor,
and talking about the cryptocurrency market I think it can be said as usual which is volatile as you say