Post
Topic
Board Economics
Re: COVID advanced the world into the future
by
Sithara007
on 26/07/2021, 03:10:08 UTC
Yes, the crypto market didn't looked affected on this pandemic since it's not the same as the others that are tangible. Well, if we're only going to look at that perspective.
We're enjoying the run but that's the fact that these big corporations are the ones that have been booming and making billions after billions within a short period of time.

It will be too early to say that the market wasn't affected as a result of the pandemic. Multiple incidents related to the pandemic had its impact on the cryptocurrency prices, over the past 1.5 years. First it was the stimulus cheques. A lot of people received the additional cash at a time when they didn't needed them. They used the stimulus money to purchase assets including Bitcoin, and it resulted a jump in the Bitcoin prices. And the latest crash (when BTC went down from $35,000 to $28,000) was attributed to the fears associated with the spread of the delta variant (the stock market also went down at the same time).