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.
When Covid 19 took place, indeed the world economy at that time was very bad for some people. The epidemic that hit at that time forced everyone to limit their activities, causing companies, factories, schools, hospitals and even places of worship to be closed or the number of people reduced. That is what causes many people to be laid off from their workplaces. And the impact all of that has on people varies greatly. There are those who find it very difficult, because they only have a little savings. There are also those who are normal, because they had enough savings when Covid 19 hit.
So it's true that Covid 19 has caused many people to suffer, but for people who don't have a lot of savings. And for rich people it has the same impact, but they can overcome it by having large savings.
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 agree with your opinion, but not all crypto, only bitcoin I agree. Because apart from bitcoin, I really doubt it, because other cryptos or altcoins have unstable price volatility. There have been many examples of altcoins that have collapsed and not risen again. So I don't recommend crypto other than bitcoin.