At the beginning of covid-19 last year when there was lockdown & shutter down everywhere in the world. Due to coronavirus economic activities were seized. There was an economic crisis everywhere. At our home, There was only one activity that continued staying at home, we were trading cryptocurrency. This activity proved our financial survival to meet our needs. But I think, there is still a need in the current time of trial that people should be given awareness about the importance of the cryptocurrency market.
When the lockdown was first announced in my country, the exchange rate of Bitcoin was $6,000 per coin. Now it stands at $46,000. Obviously those who had the means (and the risk taking appetite) to invest in cryptocurrency benefitted from the bull run. And it is not just the cryptocurrency market. Even the stock market is close to ATH levels, when compared to what we had in 2020. I think a lot of investors chose to invest in stocks and cryptocurrency, as the other sectors such as real estate are looking overpriced.
Yes, i had long forgotten about bitcoin since i was busy and think that the price had went down way a lot. But then, the price went up again. Thankfully, bitcoin helped me so much during the pandemic, although none of my family member got fired or anything during pandemic, but still it is hard. But i believed a lot of people benefited from cryptocurrency investment, and i'm happy too to see bitcoin being alive and rising again. So different with stocks, all of my portofolio in stocks are red, i experienced loss so much during the pandemic. Luckily bitcoin is not affected much, even being higher than ever.