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.
Covid 19 pandemic actually had its significant impact on the economy but currently they have been countries that have scale through this crisis and right now the major cause to worry about is the inflation that continues to rise and if this persist it would lead to an economic crisis which might be have a major impact than Covid 19. Government has risen the the interest rates also to curtail this but would this be the lasting solution I doubt.
Another threat to economic crisis is the war between countries like Russia and Ukraine which has affect the energy supply as the European countries placed restrictions on Russia.
The major concern for currency devaluations is the excess paper printing of them.
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?