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?
If the world economy are going to be stable because of the covid-19 vaccine, then I would say it will still have positive impact not just on crypto, but the rest of traditional financial markets. Maybe the confidence of investors will be very high and more likely to invest on everything that will give them more money like crypto markets.
So every good news about the pandemic will be beneficial. It may even push the price to like $80k to $100k before the end of this year. So let's remain optimistic this year.
I would like to support your point and say that Bitcoin is going to be very popular nowadays. Bitcoin has become so popular today because of this coronavirus. Everybody is going to get involved in this bitcoin now.We can see that the bitcoin market has been pumping the most since the beginning of Kovid. We could see Bitcoin before but it was at 64k $. Since then the price of Bitcoin has come down but now Bitcoin is going to be pumping again. This time, many experts say that Bitcoin can be located at 70k to one million dollars. Looking at the current pace of Bitcoin prices, it seems that Bitcoin will soon be in the range of 70k to 1 million dollars.