Post
Topic
Board Bitcoin Discussion
Re: Covid-19 On Bitcoins
by
wxa7115
on 12/08/2021, 18:24:14 UTC
if the pandemic is not resolved there are 2 things for bitcoin that might happen
1. bitcoin can be destroyed because the global economy is collapsing, and the demand for all crypto sectors decreases so that the price of bitcoin decreases.
2. bitcoin will be easy to pump, because many people are in bitcoin and they transfer assets to bitcoin.

these two points can be an early prediction of how the pandemic will affect bitcoin. but in my opinion the most important thing is how the correct pattern of bitcoin movement in the future is most important.
That depends on what you mean by the pandemic being resolved, it is unlikely that it is going to get any worse than what already is and if that is the case then I do not really see any of the two scenarios that you are suggesting happen, bitcoin is is going to move according to its own dynamics.

However if things get any worse then it is going to be interesting to see what will happen, personally I think we are seeing the governments losing control of the economy already and if things got worse then it is fair to assume that they are going to lose control even faster, and under those circumstances people are going to try to find a way to save themselves from that instability and in my opinion many people are going to choose bitcoin in order to protect themselves from such event.