With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin? will bitcoin weaken or vice versa?
Currently vaccination will not make the world economy recover, because considering the current rise of new virus variants, and making the governments in their respective countries still restrict people from doing activities freely, even for those who have been vaccinated, thus making some people and investors still use bitcoin to earn income.
So for now bitcoin will stay strong, until the world actually recovers completely.
I'm kinda agree with you man. Despite the vaccines that would decongest the hospitals and preventing us from dying, we can still be infected and spread it to others even the unvaccinated and it's still far away for the economy to recover. However, Bitcoin and the cryptocurrency world isn't affected at all with the pandemic because this has nothing to do with COVID-19.
With the growth of people's interest in Bitcoin as well as the popularity of DeFi, NFT and blockchain games, the industry would keep accelerating like no other.