Post
Topic
Board Economics
Re: New COVID strain may affect crypto valuation
by
Oasisman
on 10/12/2021, 20:00:04 UTC
~snip~.
Covid-19 is no longer something that would come up on the news and you’d see the whole market tumbling. Things have changed now, and the world no longer fears covid-19 like they did the first time it came out and shattered everything by putting a stop to every activity in the world. Things have changed this time around, and even with the talk about a new strain of covid-19 no longer scares anybody.

If there is anything at all that would be leading the market down, covid-19 is the least thing I would say it is. Never forget that before now there have already been predictions that the market would face correction after the bull run. We should be happy that the high price lasted this long.

No, it's definitely not the new strain of Covid that's making  a negative impact to the crypto market and brought down the price.
It has been proven before, right in the middle of the global spread of Covid, Bitcoin doesn't seem to be affected by that time. Instead it has gained significant value after the people learned about Bitcoin isn't directly affected by such health emergency.

Crypto market is just down and crashes from tine to time, and then it recovers. This has been a normal price cycle since.