Post
Topic
Board Economics
Re: COVID advanced the world into the future
by
tabas
on 15/09/2021, 22:52:34 UTC
The epidemic has a relatively large impact on Bitcoin. At least, that's what I think. During the epidemic, many people lost their jobs. Because they couldn't make ends meet, they sold the bitcoin they had bought for a long time to make ends meet. Some people bought bitcoin and when bitcoin fell, they did not have enough funds to continue to cover their positions and sell bitcoin.
It is a pandemic because it has affected the world and spread worldwide. Many laid off their jobs and we thought that it will have a significant negative effect on bitcoin.
But it's the other way that surprised us that bitcoin reached its newest ATH during this pandemic.
I also thought bitcoin will be greatly affected by this unfortunate situation that hit us, but it turned out it will become the way for people to know bitcoin for looking of an alternative way to earn while at home. This pandemic put as in a bad situation indeed, however if we look on the other side there's also positive things that happened. People unite, humanity were restored and bitcoin and alts reach another ath, some of good things that we should focus on.
That's true, the pandemic became the way for the people that still don't know about cryptocurrencies to know about bitcoin and the others. The impact was positive.
And even up to now, the market is still on the good run and this makes a lot of people still attracted to it because of the market's performance is becoming better.