“Bitcoin will continue to grow”. How the second wave of COVID-19 will affect the

[Switchere_official]

The situation with the spread of coronavirus is worsening, the number of diseases is growing, and restrictive measures are increasing. In March, this led to a decline in financial markets and increased demand for cryptocurrencies. Experts are confident that now everything will be different.

COVID-19 impact on the interest in cryptocurrencies

Transfer of people to remote work due to the pandemic, as well as in spring, will have a positive impact on the number of new clients of the Crypto Exchanges. This shows that the clients of the platforms are very active.
There are very different forecasts for activity on decentralized trading floors where DeFi tokens are traded. This sector will continue to grow in the coming months, and thanks to the integration of multiple services among each other and the ability to repeatedly re-pledge loans received under the crypto-security, this area offers interesting opportunities for profitability and risk hedging in the conditions of instability in traditional financial markets.

Stock market and Bitcoin vs Coronavirus

In March, there was panic on the financial markets against the background of the imposition of restrictions. Against the backdrop of a fall in the U.S. stock indices, the Bitcoin price fell by 50% to $3800. Now, if the pandemic in the U.S., Europe and, for example, China starts to gain momentum, it will inevitably affect the markets again.

Now the S&P index is overheated: the spread between companies’ returns and their capitalization is huge, it is a real financial bubble. Therefore, in case of a sudden worsening of the situation with the pandemic, a downward correction will inevitably occur. How deep it will be will largely determine U.S. monetary policy, new liquidity injections will support the market. However, it will not continue forever.

It is difficult to predict the behavior of Bitcoin in case of a stock market crash. The first cryptocurrency may both fall with it and go up. Fundamentally, the second scenario has more prerequisites, as BTC has already become “digital gold” and should play the role of an asset shelter.
There will be no hard quarantine (as it was in spring), so we should not wait for the same sharp decline in financial markets, although the decline will occur. He also noted that investors perceive bitcoin more as a protective asset, so its rate should continue to grow.

“It is not for nothing that institutional investors are increasingly investing in the cryptocurrency market — digital finance acts as a “safe haven” in times of instability,” the expert concluded. Bitcoin is now traded at $10,687. In September, the first cryptocurrency several times unsuccessfully tried to overcome the $11,000 level. In August, the asset set its annual maximum value at $12,400, showing a 277% growth over 5 months.

[yetti]

The price of bitcoin will not be easy to rise if there are no supporters who can provide strong support by buying bitcoin, even though it has a limited supply, it cannot guarantee that prices will always go up, it has been proven that from 2017-2020 the price has fallen and cannot come back again .

[masterrex]

I'm not doubting that Bitcoin's price will continue to grow and stabilized but I'm not sure about the outcome if the so-called second wave of the COVID19 pandemic will really happen. I hope there will be no more second wave of COVID 19 pandemic because many people are already suffering around the world because of this unwanted guest.

[Dora Walletinvestor]

I'm not doubting that Bitcoin's price will continue to grow and stabilized but I'm not sure about the outcome if the so-called second wave of the COVID19 pandemic will really happen. I hope there will be no more second wave of COVID 19 pandemic because many people are already suffering around the world because of this unwanted guest.

In many places unfortunately there is a second wave happening already, for example in some parts of Europe. I think the crypto market is pretty safe regardless, for the time being.

[KunotCoin]

Bitcoin will grow no matter what happens and will not be affected by any events because it was resilient and if the COVID 19 pandemic will have a second wave I'm sure it will continue growing just like before.

[babu10]

I think second wave will not so affected like 1st wave because Dr. now more experienced and people also more concern about it now. So in first wave people was isolated to home that not be happen in 2nd. As a result people will not be more engaged in BTC or crypto currency. But sure that some influence will come and some investment also in 2nd wave. So we can hope for next big pump soon.

thanks.

[Senin]

Bitcoin already continues to rise in price little by little, and this is evidenced by the fact that six days ago it crossed the $ 11,000 mark and now its price is $ 11,457.
The coronavirus pandemic is already playing a controversial role in the cryptocurrency market. In any case, there will be no such negative impact on the cryptocurrency as it was in March.

[yitzjoe]

crypto price growth, especially established coins such as BTCm ETH and BNB, has been quite good during the COVID-19 pandemic. investors find it difficult to make real investments because of this pandemic, finally they are looking at crypto as an investment with potential funds that will continue to grow in the future. hopefully in the future crypto will continue to give me maximum profit

[Jixman]

The price of bitcoin will not be easy to rise if there are no supporters who can provide strong support by buying bitcoin, even though it has a limited supply, it cannot guarantee that prices will always go up, it has been proven that from 2017-2020 the price has fallen and cannot come back again .

This is lame postulation. The total number of the world population is over 6 billion according to Wikipedia.=https://en.m.wikipedia.org/wiki/World_population#:~:text=In%20demographics%2C%20the%20world%20population,more%20to%20reach%207%20billion. [nofollow]World population]
 As more adoption is been done, I'm 100% certain Bitcoin will still attain its ATH.

[Astra]

In recent days, the level of Bitcoin capitalization has been gradually increasing. If earlier it was at the level of about two hundred billion dollars for a long time, then in a few days it rose to 221 billion dollars. The price of bitcoin also continues to grow and now stands at $ 11,940 according to the CoinMarketCap table. If in the coming days the $ 12,000 mark is crossed, then the bull market may be soon.

[Abubakar56]

crypto price growth, especially established coins such as BTCm ETH and BNB, has been quite good during the COVID-19 pandemic. investors find it difficult to make real investments because of this pandemic, finally they are looking at crypto as an investment with potential funds that will continue to grow in the future. hopefully in the future crypto will continue to give me maximum profit

I really support you idea!!!

[whyrqa]

Any problems with the global economy had a positive effect on the cryptocurrency market. The fall in the value of national currencies also has a beneficial effect on the investment attractiveness of cryptocurrencies, and cryptocurrencies become profitable and safe even for large capital.

[Bobcrypto]

The price of bitcoin will not be easy to rise if there are no supporters who can provide strong support by buying bitcoin, even though it has a limited supply, it cannot guarantee that prices will always go up, it has been proven that from 2017-2020 the price has fallen and cannot come back again .

Your facts are not in line with the current bitcoin bull run. I think rather that bitcoin has proven from 2017-2020 the price has risen and will always come back. Please verify your records with the current price situation since 2017. I am very sure that bitcoin has performed very well from 2017 to 2020 and it will keep breaking records.

[Sammy9ce]

I don't really understand why the sudden ruse of btc during the covid-19 and now they is a second wave, I think the covid is even adding to the increase of btc, am not sure though

[Msweet]

Your prophecy is about to come true.  You said that after the future epidemic of Bitcoin, it will increase in price.  In reality, this is the truth.