Post
Topic
Board Bitcoin Discussion
Re: The Impact of COVID-19 on the Global Economy and the Role of Cryptocurrencies as
by
ancafe
on 27/04/2023, 09:44:45 UTC
Okay, So let's start with the impact of the COVID-19 pandemic on the global economy.    The pandemic has caused unprecedented disruptions to businesses and supply chains around the world, leading to widespread unemployment and economic contraction. In response, governments around the world have implemented massive stimulus packages to support individuals and businesses, which have led to concerns about inflation and currency devaluation.
That has all passed and is no longer relevant for us to discuss because now, after the pandemic is over, people have learned to get out of economic problems. It still makes an impression on people's memories that the Pandemic has destroyed all sectors and many people have lost a decent life in the ongoing Pandemic process.

But we are grateful that we have gone through it all and today we are struggling to recover the economy, both starting from individuals and government programs that support the smooth running of the aftermath of the pandemic.

one potential solution that has been suggested by some is investing in Bitcoin and other cryptocurrencies as a hedge against inflation and a store of value in uncertain times like this. What do you think about this idea? Do you believe that cryptocurrencies are a reliable safe haven asset?
I believe bitcoin as a reliable safe haven asset but not fully convinced cryptocurrency can provide much more than bitcoin. The advantages of bitcoin are clearly being able to store value and we have seen that during the Pandemic, so the best choice is to hold bitcoin not cryptocurreny.