Bitcoin Forum

Have you seen how governments responded to the corona virus?

Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.

The problem is that cryptocurrency does not provide a immediate relief of the concern, because it is considered as an asset, which you always have to sell it first then get fiat money to spend. If you could spend it right away then maybe there is a less motivation to sell it, but that is not possible since now tax authority want to get a cut from each spending

I don"t see that because coronavirus is Global crisis and we don't see it's stopping soon and as you can see btc super violated and there's no guaranty it won't affect in future more.

Yes somehow the prices have been affected as well. There is at least some correlation now. Still, it's good to have a little bitcoin as diversification of asset classes.

One of the most controversial news today about the world is the spreading of the virus NCov 19 or most popularly known as coronavirus this virus comes from Wuhan, China there are a lot of evidence that this is a start because of eating exotic animals and insect by that it is widely spreading because of having a direct contract to the people and now it is widely spreading for over the world and some of the country today are making a lockdown to make sure that the virus won't spread anymore to the nearest cities and countries. There are some country today are favor to remove the transaction of physical money because the virus can attached to the physical object and the person can be infected of they touch those things and touch their nose, eyes, and mouth with an infected object and today they are promoting the use of digital currency, even it looks like harmful for fiat currency there are some people withdraw and hold their coins that may cause if decreasing of the market price of the bitcoin and altcoins too, still we are hoping this will be finished immediately and back to normal again.

This corona virus is starting to collapse the economy of a country that has been affected of this virus because a lot of productivity has been stop and there are a lot of people are stating to hoarding since there are lock downs in their places. Fiat currency is a physical object , so it is possible that the virus could be pass on to another person, that is why there are countries who avoids accepting physical money for their own sake because you can't really say if that money has been touch or not by an infected person.

It is turning into a global crisis, I do not think they have other options.


Say that to the current price. 12.47% down in 24 hours, that is a huge drop. The crisis brought by COVID-19 should not affect bitcoin but it still affects the holders. We are just humans, we get scared, we panic and we panic sell. Hope we recover from this crisis soon.

What is attacked by the coronavirus is not fiat, bitcoin or the economy. What is attacked by the coronavirus is humans as economic agents and economic drivers. If humans are limited in their activities by being isolated and quarantined at home, then the economic wheel will slow down and may also stop.

If supply chain problems, especially basic needs are not met, it will cause chaos and commotion in the community. Simple analogy, when we are sick, our appetite is lost, let alone to think about business and investment, our concentration is only to recover. The loss of desire to do business and because of the massive nature of the spread of corona outbreaks, caused a combination of sluggish majority of economic actors, plus restrictions and restrictions on activities by the government even to quarantine a city. This caused the economy to stagnate and not stop.

Worse yet Corona Virus attacks the country with the largest trade figures in the world and a center for manufacturing consumer products and semi-finished goods. Which causes the industry to weaken and even stop. When the economy is disrupted, fiat money also stops spinning, which in turn lowers its value.

Markets or exchanges can be manipulated but natural disasters and disease attacks cannot be manipulated.

It really does, the capital city of my country got a lockdown after declaring a positive case of NCOV-19 from its composed cities. People are panicking to the point that they are buying lots of alcohol and disinfectant which leaving the others unavailable. Several operations conducted from Metro to provinces, vice versa, are being hurt due to this and will cause a terrible economy in the future but I guess the government is already preparing for this one to come.

This is where the fiat is disadvantaged, as people are often to use fiat and contacted it, the virus could easily transfer from one to another person leaving the disability of the virus to be airborne useless. Using crypto and other digital payments would be helpful on such cases like this, it might be even the solution for non-contact policies and social distancing.

It takes years to recover even from today's loss in global economy so fiat money will lose the value more and it will be worse if the virus will be uncontrolled for few more weeks.But we can't say it didn't affected the crypto market,it is no exception to the crisis but we can expect the things back normal in anytime when people realize that crypto should get affected with this issues.

Of course. This is a longer term boon, definitely not a short term one. Bitcoin is going to get fucking hammered just like everything else. When the smoke clears you can bet your bippy that economies will be even weirder, more skewed and more zombified than they already are which is really saying something.

It's at that point that more people come to a realisation as to whether anything is worth anything and look around for something straight edge and cast iron like BTC. It's going to be a nice while yet before it starts to happen though.

On the contrary. Its the fact that the whole thing becoming a pandemic worldwide that has caused mass panic worldwide, and the stock market is already facing the consequences and now the crypto market.

I mean, since yesterday, the degree and rate of volatility has been so significantly larger, as compared to the anything that has happened in the past year. Wherever there is a huge situation, there is a bigger issue in the markets, and panic selling is definitely a given.

I will just say, the markets will be back up soon, the precautions that are being taken is extremely well done, and the spreading of the virus will reduce, and the markets will become normal again.

Like in what terms will bitcoin remain unaffected? If you are talking about the price, then I am sorry you are wrong. Look at the price. It is already completely drowning deep with the whole market bleeding red very badly. Most people here use crypto currency as a store of value, not as a currency that can be used as a day to day transaction. The way corona virus has affect the price of stockmarket, is completely similar to the way it affected the crypto market.

The problem is , Fiat is connected with bitcoins and vice versa , economy at the end of the day is all connected and therefore any problems in one will cause a great deal of loss for the other too .
I do think Corona Virus is harmful for the cryptocurrencies too .
Speaking from a personal point of view , am also gonna take out my money due to Quarantine and prices getting higher than normal .

Why wouldn't you put in more money due to high chances of all markets growth in nearest 2-3 months?

In 2-3 months imagine how many businesses will have gone bust and how many people will be unemployed. Entire industries will basically stop operating and I doubt there are many that can afford to shut down, wait it out and then fire up again as if nothing has happened. That aspect has only just begun.

Before that there'll be a lot of selling pressure from people who need to get through this period of time. Selling pressure now and no income to buy in future adds up to a pretty gross looking few months.

This will happen if, and only if, the situation gets worse. Hearing in news that one's economy collapse after 2-3 months is not impossible especially for those affected poor countries because they will definitely have a hard time to bring solution upon such problem. It that happens then everything will fall, like a domino effect.

I know stressing ourselves due to current happenings is normal but let's don't forget to be optimistic. Focus on the bright side. The fact that mankind able to find ways on curing the disease and as long as there are people recovering then that's enough to be thankful to God. He will bless us :).

It's happening right now. Almost everyone here has little to fear from the disease. It's the hysteria and economic paralysis that they're going to feel and it's already rolling. I know of people in tourism who block book their whole year around now. They've already laid their staff off as there are no bookings for this year.

Hopefully in a month or two people will realise the world isn't ending. All the same there will be a large hit that'll take quite some time to digest.

Indeed, currency whether its cryptpcurrencies or the fiat currencies, its all connected to our economy and i yes it is like a building where if one foundation has been damaged it will bring damage to the whole building and that is what's happening right now, the virus is affecting the fiat currency and look what effect does it brings to crypto, were experiencing dumps right now but of course this is just a challenge for humanity, to test us and i do hope for the next copule of months that the crypto market will be back to normal as well as each countries economy.

I doubt something will change in 2-3 months though. If we are talking about halving then yes the supply will be lessen but who cares about bitcoin when they can't spend it. The dumps will keep on going til we see the corona virus are contained in every country that's affected. China had made it but that's how good they are at solving problems, what about Italy, what about the rest?

Lucky are the ones who lives in the remote islands who people are just living out of harvesting the ocean because they are not going to suffer scarcity.

Gold will be unaffected (supply-wise) too, so will any other asset except fiat. So what's the point? All assets are going to be affected when it comes to their price. There are too many people selling literally anything to get cash ASAP.

Governments are trying to take any measure possible to hide the hole of debt we've entered. It's a hide-it-until-you-can't game they're trying to play. Let me tell you something: once the real side of economy is going to pop to the surface and people will start facing the reality (which is terrible), that's when the real market chaos begins. As far as I'm concerned, out of 10 friends of mine, not even 2 or 3 see the real threat behind this virus. That's scary.

When I'll mention here that out of 10 friends of mine at least 7 have finally woken up, you'll know the real economical game has already begun. I expect the downfall of many assets people have previously believed in, but only for a few months. After these months, the rich and patient will take action.

Fiat will most likely go into hyperinflation if it hasn't already. Purchasing power is already theoretically lost.
One day, the scarce assets will prevail.

Fiat currency circulates faster than digital currency and it is a tangible thing that can be passed from one person to another. You don't know how old a fiat money is, so you have no idea if that is still not contaminated by the virus. According to Gan Kim Yong, the COVID-19 can be passed if a person with the virus coughs and touched a certain surface and that surface is touched by another person and then touched his face. There's a direct and indirect process, we all know that money is one of the most contaminated because I'm sure that everyone already touched it from time to time.

So we need to wash our hands with soap for 15 - 20 seconds and wash it again with alcohol. Also avoid touching our faces after we touched a fiat money and always be mindful of our actions. I suggest to use your bitcoin if it is necessary and you really need something pay for your goods.

This Corona virus is really more harmful in fiat currencies than cryptocurrencies because the virus could be pass on to you if the last person who touch the money is contaminated or infected by the virus, that is why you should be clean to yourselves and boost your immune system for you to avoid getting infected by the corona virus.

The coronavirus pandemic provides us with valuable lessons that disaster beats anything. We may have early detection devices for disasters but nature always gives surprises that we cannot understand. This is proof that we cannot control nature. Even the falling price of bitcoin makes many people doubt about the halving process, whether the halving can trigger bullish run or not?

As long as an area, city or country, if the population is independent and very little dependent on other areas, then they will survive the plague. It's just that sometimes we only think of being independent after a problem occurs. The situation will be different if we already have preparations and simulations responding to global disasters and epidemics such as Corona.

Too bad that Bitcoin (and other cryptocurrencies) are not being recognized by the masses. For now BTC is mostly being used by investors and people who are HODLing. We need to somehow make BTC more accepted and less of a taboo to people. And i think that until people become more accepting of cryptocurrencies that they will never be used for their initial purpose (and that is to make money decentralized and not controlled by the government)

But that's just my take on it :)

by exchanging banknotes, then a virus that can last for 10 hours on inanimate objects can be transmitted quickly, making it difficult to deal with it, therefore wHO supports digital transactions to avoid direct contact with someone, like cryptocurrency, at least reduce the spread of the virus widely

Coronavirus is scarier than storm which is secretly attacked by people and killing one by one, with this opportunity we don't know the cure except of maintaining the power of our immune system that because we can't see on what the virus form, therefor the fiat currency affected globality which is probably some people are hesitant to hold money.

Coronavirus is a disaster which affected crypto and the broader tech industry too. So it's harmful for Bitcoin too. Decentralization and limited supply help the crypto be more resistant than fiat.

Well, as the virus continue to invade and spread among countries, this could possibly affect the standing of Bitcoin in the market for the time being. But, I think it would not affect it greatly as the virus could be over just after 2-3 months because, a lot of countries now are gradually overcoming the virus such as China. But, base from the standing of Bitcoin in the present it goes into a dump even with the virus threatens the people to use fiat, this might be a sign that it has little to no impact at all.

Actually there are some news that the said virus can be transmitted thru the usage of paper money? I am not quite sure actually. I think that is possible so I would like to suggest the usage of crptocurrency or digital money to be able to transact online. It is better to avoid the person to person transaction and avoid being infected by the virus.

The economy of every countries affected would surely fall down as the outbreak continues. It led to lockdowns which made most of the employees avoid going to work or sometimes, companies makes it mandatory not to make their workers go out for their job so that much more spreading of the virus can be avoided. It was also studied that the virus can stay on paper money or coins making its range of dessimination bigger. That's how we can consider it unhealthy for the fiat money but at the same time, it harms crypto also cause the pandemic outbreak makes people anxious of their surrounding and not their investment anymore, even transactions become less often because of it.

but if we look at the characteristics of corona viruses, they can last about 10 hours in inanimate objects, and money is a place to move viruses effectively. when people make transactions with banknotes, then they hold on to each other, and it is possible for the virus to spread widely. this is different from bitcoin which is done digitally

This is what I had in mind:

Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program
https://www.cnbc.com/2020/03/15/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html

People are queuing to buy toilet paper, but the dollar bill is the next toilet paper.

Actually bitcoin is also affected by the COVID-19 that is why our market keeps on going down, but in our current situation, cryptocurrency is the best thing that we might use compared to fiat currency to avoid interacting with many people. In this kind of situation bitcoin is really valuable but the thing is, if we are facing problem on our country the market is also facing the problem because of so many people affected by the virus, maybe those traders, players, investors and big whales are also affected which results of going down of the bitcoin.

Let us help each and everyone by staying at home and not going outside just to purchase and transact someting, you may do it through online, there are so many websites that accept cryptocurrency.

that's what should have happened, so I was very confused when I saw the price of bitcoin drop so dramatically. I concluded that people take back their assets, and exchange them for fiat so that the deficit will fiat increase. this, causes damage to the investment and economic sectors of a country. in fact, the crisis also occurred in my country.
actually I think that it is very good when people turn to crypto for the current situation, but it seems this decline makes others think otherwise. I do not think that this has a great influence on crypto.

And this makes e-currencies the best option because no direct contact like fiat and it is also fast. I heard some banks in Czech republic are encouraging bank transfer and online payment directly for purchases of goods and services in order to reduce the chance of contracting the disease which I believe it is very good. I think the op is generally talking about the effect of increasing budget deficit on fiat compare to fiat but also the pandemic has effect of crypto

also venezuela too  . people are also encourage to not  depend on fiat not because of the virus because that was happening a long time ago  .

this is good because even thier governments doesnt want them to use physical fiat  . it was like they want thier people to use more digital currencies but didnt mean its already a crypto because there are also many digital currencies  and most of them were older enough than a crypto but cryptos do also have thier advantage which make them a choice for people who wanted to use digital curencies  .

I think that the danger of Fiat for the spread of coronavirus is exaggerated. Now more turnover is accounted for non-cash payments using a credit card. As for the calculation of cryptocurrency , it may not be so quickly accepted by the governments. Now the first task is to defeat the coronavirus.

Yeah gold is the key here, if we go to route of gold we will actually be pretty decent as well in price and for investors but not that much for the shopping spree with bitcoin payments and all that life. If we go to fiat route tho we will be digital fiat, even fiat is digital these days so it wouldn't be really all that different. Bitcoin has to decide on what it wants to be first, we are acting like we are both a commodity and a currency and they have been long different from each other, we do not pay people with gold coins anymore, haven't done that in decades, probably centuries.

So, we should at least pick what we want to be and move from that route. I wouldn't mind neither because both of them would at least improve us a bit but undecided hurts us.

Bitcoin wasn’t able to hold that position for long. Though I’m suspecting that Coronavirus is not the only reason why the price of Bitcoin decreased as of recent. A lot of things have happened and they must have all affected Bitcoin price.

After my research it seems like experts have not come to know what exactly caused the decrease in price. Some of them have said that Coronavirus is the reason since every other market were affected , so why not?. Then others are blaming it on miners for not selling out much of their mined coins to the market. And then we have the PlusToken scam. They have not really arrived at any conclusion, these are not even the only things that might have caused.

I do not understand how people all around the world think that gold is unaffected by this and they are buying gold like crazy but they are selling crypto for no reason at all. If you think that gold and silver will be really high because of the inflation and bad markets and devaluation and all that reasons, why wouldn't bitcoin be like that as well?

It will definitely be affected in a good way but no people can see that. Hopefully overtime bitcoin will be able to explain itself better to masses so that next time something like this happens we will go up instead of going down like stock markets. We are more correlated with gold than stock markets but for some reason we act with stock markets. Maybe it is because many stock market companies also offer bitcoin as well nowadays.

One way or another, fiat systems are associated with cryptocurrency.
Indeed, in the event that big problems begin to arise with fiat, then most of the majority of BTC holders will most likely have to get rid of some of the funds in favor of fiat due to its greater practicality.

Inexperience maybe? Most people in the forum are young so they perhaps never experienced a crisis as big as this one, expect in 2008 maybe, but you have to admit the current crisis could become a lot more important than in 2008

Personally I wouldn't say gold is unaffected, this pas 7 days were a good example but for sure we're in a good period to buy some XAU for a short term profit. On the other side, I don't believe it's a good period to sell your cryptos, I would rather wait some months until the storm is over and the crypto market recovers what it can

Yes, that is the reason the crypto market does not have a correlation with coronavirus but when the threat becomes greater, then this pandemic will indirectly have a negative impact on the crypto market as it has so far, because if the price drop is so deep it is only due to internal factors, then it seems unlikely the price will drop so deep or just because it's approaching halving but in reality, at least there is still another month for the halving event. That way, I feel very clear when there is a pandemic that it is a big threat to the world economy and at least it has proven to have a very bad impact on any activity in the world.

It's true that corona virus is very dangerous for fiat currency, because fiat currency generally has to make physical contact. And the thing
causing corona virus spread more quickly. Whereas bitcoin all transactions are carried out digitally and there is no need to make contact
physically, so proven to be very safe. The governments of the world should consider bitcoin to be legalized as payment, so that transactions
finance can still happen, without worrying about infected the corona virus.

I believe that even Gold is not a good example here if you point out the physical version of the Gold which will probably come with the infection and may prove to be the buyer's final mistake they'll do, why BTC is the digital version of Gold and should definitely be worth at least 10 times of what Gold is at. A brief explanation of what could be the reason for this crash can be found here - "Game Over" (https://bitcointalk.org/index.php?topic=5232345.0) a thread by logictense.

Unfortunately, as the situation showed, coronavirus is also dangerous for cryptocurrencies, but not directly, but because of the impact on the stock assets, energy resources, and other sectors of the real economy, which incur large losses.

I believe currency connected with bitcoin ( as pairs ) if currency fall we will loss value when cash out. I think it's same situation for economy, all in red zone and don't know when will end. Every country take different respond but the purposes is make stability in their public economy, whatever the method. If you can take benefits from government respond/ policy it will helpful so stay positive with bitcoin but always use stop loss.

How i wish it was that simple because it is not the Government whos Supporting Bitcoin but the Individuals and their reaction is far from your POint.
Investor now are Getting Out their Money inside crypto and that is what the reality now so expect the effect of this crisis to the whole world either Fiat or Crypto because the most affected are us who is using this currencies.
not directly to cryptocurrency but still Domino effect right?and we cannot deny that looking at the chart how the whole crypto market respond to the issue.

Bitcoin has not remained unchanged. He lost almost half his price. In the case of the spread of coronavirus, we saw that the real economy and cryptocurrency are very connected. And here it is unlikely that the price of Bitcoin fell due to panic. I don’t see any panic. People were forced to spend extra money in order to prepare for protection against this virus in conditions of temporary isolation. We saw that all markets collapsed, including the cryptocurrency market.

Transmission of the virus via Fiat money is not such a big problem. If there is such a percentage of infected, it is not large. The main reason for the spread of infection is direct contact with a sick person. We must first defeat the virus, and then the focus will be on the economy, including cryptocurrencies.

Indeed you are right mate more fiat of the countries affected will print and print more national currency to pay debt and add mo debt, then sell their stocks for fresh printed fiat.
This is critical in the nations inflation rate.

I agree bitcoin should not be as heavily influenced by corona as more traditional markets, financial institutions and economies. Unfortunately, natural market mechanics are far from being the only forces influencing crypto valuation in this day and age. In modern times, we have witnessed central banks influence stock markets through Quantitative Easing. It has become status quo for the federal reserve to routinely expand its balance sheet by $400 billion dollars to inject liquidity into stock markets.

That massive and overwhelming volume to buy and sell. To epically create demand or reduce it. It is the ultimate power to influence markets. To raise them up. Or to crash them through the floor. The implications of this are not widely understood or advertised. But they do exist. And perhaps we can surmise similar events are transpiring in the crypto world as well. In terms of federal reserve or central bank liquidity being utilized to influence valuation of markets.

The European Central Bank has just released a €750 bn package to save the €. Will it save it, or will it kill it? I'm not sure.

Once again, BTC's safe.

The coronavirus is actually affecting the global economy. In our country, it's an advantage to use cryptocurrency but the problem is most merchants who are accepting it closed their establishments due to the community quarantine so we have to convert from cryptocurrency to fiat just to purchase our necessities. This pandemic disaster is affecting fiat more than cryptocurrency but if only there will be more businesses and merchants who are now adopting it, more people will use it for their safer daily transactions.

Right, I'm pretty sure that every scientist are doing their jobs 24x7 to find a cure and a vaccine to control the spread. They don't have that much time though, another month and multiple deaths will have a big impact on the world economy.

There are stimulus package being injected by the central banks to help ease the pressure, but I don't think it will be enough though. It will be just a temporary solution, in my opinion.

Virus C
The government began to issue facts about indications of infection with the C virus by means of touching, talking and can also occur on objects held by sufferers of corona.

This makes sense if the C virus can be transmitted through fiat money, unlike the case with the crypto currency that does not touch it is very impossible to transmit the virus, but if it has been made fiat money is likely to be dangerous, because we don't know the money we hold comes from who and for whom.

So, if the government implements crypto as a transaction currency worldwide it is likely that the c virus cannot be transmitted, because people pay by transferring crypto to crypto.

Without people spending money to travel, buy products and pay for services the value of a currency will surely plunge. I wonder how much the current monetary system could hold against the corona outbreak and financial crisis. Better prepare to find alternative safe havens to store money cause looks like the banks are barely holding even their methods to stimulate the economy is not working.

Everything has been affected by this corona virus even the BTC.
We have seen the price of crypto drops down when corona is spreading through other country and not just crypto but also stocks.
So corona virus isn't just harmful to fiat currencies but to the economy.

The coronavirus is not dangerous directly for BTC) Coronavirus affects primarily people and as a result, it leads to a decline in the economy. Therefore, we see a drop in the stock market, which as a result of the panic affected the cryptocurrency market.

Yes coronavirus isn't Bitcoin but the impact of the Coronavirus Bitcoin has been affected because the impact of the virus has reduced the investment and therefore the demand isn't very low. Now because people work more on decentralization than centralization coronavirus is far more harmful to Fiat currency than Bitcoin because Fiat centralization is within the current state of the art technology, we'll be ready to cure it.

You just ended in that kind of conclusion without looking or searching the other factors why COVID-19 affects all of the markets. Probably, COVID-19 or coronavirus does not really affect bitcoin but it affects the mining business in China that is needed to temporarily close to stopping the spread of the virus.

Obviously, there's a lot of effects due to COVID-19 and we can't conclude easily without analysis on the market graph.  ::)

It may not be as bad as you describe - but who knows. And that's, why there will not be any BTC, rises to new heights. The price will rather hang at the current level + / - 1k. People will not have a lot of free money to invest in so risky assets. Conversely, they will sell crypto in search of liquidity

Actually where whole world economy crush and people are in fear of death there fiat currencies or btc is no matter. People first thinking to live then money or btc at present time. On the other hand as still we can not massively buy or sell goods with BTC and depends on fiat currency, so nCov19 must hurmful for BTC also.

thanks.

The spread of this virus had brought to bare some of the problems that can arise in the future if we don't switch totally to the use of digital and electronic means of payment. i read one news where a bank in China was disinfecting monies that have been received. Also, i think fiat currencies have contributed to some extent in Corona Virus hit areas such as Italy, China and US. I hope they learn this and advocate for the adoption of crytpocurrencies especially Bitcoin.

But the issue here is the people who only uses fiat currency and not crypto. How about them? They aren't knowledgeable to use digital currency, most especially those people who are in a lower class. The only thing they know is to earn fiat money and they are the one who are prone in getting the virus. We need to help them to learn how to use bitcoin or somehow let's advertise bitcoin in our community to help also mass adoption of it. People have nothing to do but to continuously use the fiat if we will not take some actions in helping them adapt continuously improving technology. We have nothing to do to the price of bitcoin but to be patient and hope for the bitcoin to rise again.

What is happening on the cryptocurrency market surprised me very much, since I have been observing a fall in prices for almost the entire period when the biggest excitement began due to the epidemic in China and when problems started in Italy.  Indeed, the economy of each country, including international trade, suffers from existing problems, which makes fiat funds depreciate.  But in the light of all these problems, in my opinion, it was digital assets that were in great demand and cryptocurrencies should have been taken into account by the whole society, but the cryptocurrency market shows a negative trend.  It seems to me that speculators are to blame for everything, since the coronavirus epidemic should, on the contrary, positively affect the entire cryptocurrency market.

It seems to me that now investors are leaving both the stock market and the cryptocurrency market. Obviously, they want to see how the situation will develop further. And if they see that bitcoin has started its growth, despite the fact that the securities continue to fall in price, then it will invest its money in BTC.

The reason that btc is not affected is that it is a digital currency, unlike fiat where there is a physical contact then that is the reason that governments are trying their best to limit the usage of fiat because the virus can be transmitted by contracting an infected physical money.

As we all know that these past days many people over the world are worried about the virus, the virus called corona virus known as COVID-19 was appeared and begin, it starts from Wuhan, China and it spreads all over the world, so that to prevent it from spreading the basic way is to prevent or avoid it on using fiat currencies  in many transaction but is was difficult because many stores are not using digital money they used physical money. But to keep our healthy good, we must need to used digital money because physical money is primary reason on spreading the virus while the digital money are not. 

Unfortunately when everyone is out of money they will attack to whatever investment they have and one of them is bitcoin. It was naive of us to think that bitcoin was created right after the 2008 crisis so it was basically a way to get away from the financial doom but we all forgot what really happened during the 2008 crisis.

Before that there was a lot of mortgages that were given away like it was candy, there was a HUGE amount of people who did not paid their mortgages and it was obviously hurting the economy but at the same time that meant a lot of people went way over board with the loans and mortgages they got and that means they would be either giving their houses back to banks or they would have to pay it somehow, if bitcoin existed back then everyone would sell all their coins to pay their debts, so there was no "bitcoin would have saved you on 2008 crisis" type of thing, we were mistaken.

I feel like maybe we might be underestimating the economic infrastructure of the world. I understand that bitcoin is not affected and all that because we can't share a virus via online payments and bitcoin is great however we are in bigger trouble than just that. All of the world is scared right now and staying at home, that means lost profits for many places, how could we really expect bitcoin to not get affected right now.

There is no way we are unaffected by this, of course we would be, I understand we all love bitcoin and we all want to see the good parts of bitcoin however lets not think that this has anything to do with bitcoin, it is not and we can't really just look at it from out side, we have to look at from the sellers point of view as well to fully understand the situation.

The coronavirus has hurt practically every commodity, stock and asset, including cryptocurrencies.

Did you not see how Bitcoin dumped as soon as WHO declared COVID19 a pandemic?

However, if you look at the analytics and trading volume for many exchanges, you'll see that they have seen a huge surge in volume and interest lately.

https://www.bestchange.com/

Take a look here, activity has increased dramatically in reason days.

Fiat currencies and bitcoin are somehow connected and we can't change that fact. Now that many establishments are not operating and some don't receive their salaries, it is possible that those people who invested in bitcoin will convert their assets into fiat and if it happens that most of the investors do the same thing, the market will fall and indeed all of us will be affected by it.

you may think its unafected but why the value of cryptos go down ? the dip started go severe just after they declared the virus .

this is many peeps believe that corona is also harmful to crypto/btc but few people could care less because most crypto enthusiast are verry happy for this decline.  corona is still more harmful to the local economy and to the people living because it damages health and business  . not sure if this will take long but this is verry alarming now

Bitcoin is online base currency I hope no any effect bitcoin price this corona virus only effective physical currency

You're a bit ahead of our time, BTC will compete with fiat ''in real time'' once it is accepted for everyday purchases by most of the population, right now it competes with the gold and silver coins and penny stocks as cheap investment vehicles
It still needs more adoption and diffusion
Of course, if the ''big'' fiats -usd, euro- lost too much purchase power in covid's aftermath it will go up, but will take its time

He is not ahead of his time, you are. He is pointing a fact, governments are printing money like crazy in the last few weeks, and do you think they will stop anytime soon? So fiat supply is going up, more money than ever, while bitcoin and some other currencies can't do that, simply said they are printing unlimited amounts of money to buy limited amount of bitcoin, I think that say's all!
Corona is killing fiat economy, we will see what will happen after all this! Many businesses and people can't work, don't have any income, but you have to pay the bills.

Yes, monetary ''stimulus'' by governments reduce fiat's purchase power, but it doesn't do good for btc as long as people sees btc as an asset and not as money,corona isn't killing fiat economy, is killing fiat purchase power, but as long as fiat is the only money widely used for everyday purchases its reduced value doesn't matter
We need to use bitcoin as money, then it will show its fundamental strengths

not affected? I don't think the value of the fiat currency, when it gets weaker, will affect buying and selling. This can be seen from the decline in crypto at the same time a few weeks ago, and not just for crypto stocks, but also for others.
So your assumption seems to be wrong.

It was about bitcoins and other cryptocurrencies that the coronavirus had the most direct impact when the price fell from 10,000 to 4,500, now we are winning back, but we have not won back even half the fall, and most likely we will not win back to halving.

Of course this will have an impact in the future as the number of coronary viruses continues to increase Everything around the world has been shut down and its impact on Bitcoin. People will be away from their work but Fiat is more dangerous than Bitcoin.

Crypto Market is affected and will continue to be affected about the current situation in the world. Bitcoin has some aspects why it was affected even it's working with online and will not cause of spreading of the virus. Virus still out there we should expecting more difficult times and low prices will be this upcoming months. China and South Korea have already recover but a lot of countries still suffering.

Our cryptocurrency are also affected by this virus because from 10,000$ before when virus is not yet existing, but when this virus exists in different countries the bitcoin price are also being affected by the virus in which it falls so seriously to the point that it reaches 3,900$, from 10000$ - 3900$ that is really big difference.

But this bitcoin is really important as of now because we can us it to purchase some goods and stuffs that we can use while we are still in community quarantine.

 :Pcurious why not for BTC cause it can not be completely separated from economy

If it were possible to directly buy various goods for bitcoin and other cryptocurrencies, and in this case basic necessities and products, people would not put it up for sale through exchanges and the cryptocurrency would not fall in price. In any case, not so much.
If quarantine measures are followed by a global economic crisis, then here we will see for the first time how such a crisis will affect the cryptocurrency market. It is assumed that in this case, the cryptocurrency will even have to grow in value. Let's see if the assumption about the growth of the cryptocurrency market as a financial asset that is not subject to inflation will turn out to be true.

Its very harmful to everything, to every domain,to every currency no matter what. I think the only precious thing that are not harmed are Gold & Silver as this cannot affect them. I saw some videos on youtube that have predicted this economic collapse long before corona hit the world and they said $ is gonna drop so hard and another global currency will rise... . My thoughts are that $ cannot disappear so fast and we already have global currencies including Bitcoin.

I don't think so. Bitcoin and other crypto currencies are not directly affected by the pandemic that is happening. It is already happening and the price even reached $10K, it just dived or dumped because of the PlusToken scam that happened the past year. Right now they are dumping the bitcoins they scammed to mixers the reason price is falling.

Of course, the current scenario is very bad for Fiat currencies and also affects BTCitcoin and cryptocurrencies. Because we use both assets in everyday life and we are all being affected by the Coronavirus. Probably Bitcoin and cryptocurrencies win a space of acceptance to contribute to the recovery of the economy and I really wish it for our community.

Everything is needed in our daily life No one can tell when someone will be needed However bitcoin has nothing to do with the virus Because of the virus people are unable to do business properly. This is the effect of the crypto market as everyone is now a house prisoner But Fiat will suffer complete loss If everything is closed the currency will stop working but Bitcoin will never stop.

Honestly, fiat currencies are getting affected as much as bitcoin for the simple reason that they are bigger and bitcoin is smaller, so bitcoin gets affected smaller and fiat gets affected bigger but it is proportional so they get affected the same because of their size.

Nobody thinks about how liquidity is marginally lower on bitcoin, so when 200 billion dollars withdraw from stock market it goes down, when 1 billion is withdrawn from bitcoin it gets affected the same, that is the trouble here. We need a lot more people and a lot more money in bitcoin to survive these kinds of stuff and not be bothered by the small withdrawals. There are so many companies who are invested in crypto now, when they want to get out they create a panic that causes everyone to get out.

all financial sectors, whether crypto or not will be affected by this virus, you say bitcoin is okay?
I think the decrease in crypto was the highest where more than 50% in one day from 8000 $ fell to the lowest point of 3800 $.
if indeed all countries apply for debt then of course their currency exchange rate will decrease against $, for example my country's currency has weakened 10% against $ and is now recovering little by little.

The issue of coronavirus is not new and so is the government respond to it but if the government continue to deficit their budget whime add more debt this will totally do more worse to every market.

Crypto currency was implemented as a solution to economic meltdown which the government are unable to fix but was never a solution during to pandemic because the situation of panic or emergency sell will occur which is what's happening now.

Based on my country's situation,

People need to buy medical items to keep them safe from Covid-19 which is more expensive due to limited supply and high demand, many people experience a drastic decline in income, even some people have lost their job.

So this is a very hard situation because some people have less income but at the same time, they have to prepare for more use of money if they get corona or if they just want to stay safe from it. If this also happens in every other country, then it makes sense if people tend to sell some percentage of their assets and one of them could be bitcoin.

It is true that bitcoin is also affected and not only those in financial markets like stocks, indices and forex. We experienced massive dumped in previous days and it only indicates that there is also panicked that happened in this market.  But the good thing is the recovery of the bitcoin which happens in days only, it only indicating that there are still a lot of buyers that who are willing to risk their money even though there is a panic.

Indeed, it greatly affects fiat currencies but it does not rule out also anyone who holds bitcoin will sell it sooner or later because the economic situation is also very worrying because of the corona pandemic. Bad situations like this that will make panic selling happen at any time because on the other hand we realize, so many companies are closing their businesses for a while because there are rules in place to suppress the spread of the virus.

Well depending on their location then accepting bitcoin might be troublesome to purchase these necessary items which have become so scare in the recent month(s).
They are more concerned about how to get the funds for it which is a pity.
If cryptocurrency had more mainstream point of purchase movement going on before the epidemic occurred then maybe there wouldnt be such a problem to get these different countries so separately distanced from one another it wouldnt be such a problem as it is now.
xRapid and the lightning network full onboard adoption would of been nice right about now. :-[

Because bitcoin is not correlated with stocks or the government fiat or monetary system so we are not affected.
The government are printing infinite cash, this isn't good and the people would feel this in the future and money will just inflate.

In terms of investment, bitcoin should save the fiat from falling, so people should not be putting all their money in the bank, instead try to invest it, grow it and maybe put it in crypto so its value will not be lose.

The crypto market is strong, it going to be successful in the long run as people will realize and consider it as a good store of value and adoption are growing too.

   We all saw what President Trump signed, more cash is coming! I believe that will lead the fiat economy into a crash,
and that is the moment where crypto-currencies will step up and save the day.
   Fiat economy is unsustainable, and that is visible now more than ever before. I believe in crypto-currencies more than
I believe in fiat, I am buying when ever I can, and I believe that crypto-currencies will get out from this much stronger!

Each and every sector is affected, people are commenting about one sector is not affected or the other, what world they are living in  ::).

There was a global economic slow down for a few months and with the Virus spread and the complete lock down by different government it recession is completed and how long it will take for things to be normal is to seen, it is really hard as the number of patients keeps on rising and how long we will be forced to lock down to save our life.

It is a global issue and dollar nor any currency will disappear just like that and the government will come up with stimulus package to help revive the economy but it all depends upon how long this shut down is enforced and when we will have a solution for the issue we have, the fucking virus which has affected everyone irrespective of region color religious belief etc because the virus does not discriminate.

Harmful for Bitcoin also because we have already witnessed the effect but not as harmful in fiat since the whole world is now having economic crisis.
but knowing how Bitcoin stands for 10 years?
It can recover first than Fiat so yeah we must remain positive in crypto than Financial problem of each government.
actually more have sold their Bitcoin weeks ago thats why we cans ee the effect in market added are those whales who already bagged our money and now waiting for another trap .

yes, and because of it, crypto is unpredictable and unstable. if bitcoin was stable everyone would have brought but since its rise and fall all-time people can't trust will it benefit them or they will lose money here. and we all know crypto is untraceable so the government didn't approve because they can't take tax from people which is not good for any country and most important people already doing moneylending using crypto. and I think BTC also got affected in this it was 9k and dump to 3.8k and now little stable in 6k but who knows it might dump again in 3k or pump in 9k.

What you guys really need to understand is that adoption for bitcoin spending everywhere around the world needs to get a lot better, right now people are talking about ways to not really deal in cash and not even touch each others credit cards. Is there methods where you can do other stuff?

Like that beeping credit cards where you don't touch, or QR codes and all that for the fiat currency? Yes there is. People could have used them but they are still not really all that wise about it and its not really all that popular just yet.

So, we can take advantage of the situation and could get the bitcoin payment systems a lot more awareness. If we create that awareness, if the companies that builds bitcoin cards actually market it like "want to not touch anything? Use our bitcoin cards and have payments without touching anything", that would really work for us.

That's the lapses on bitcoins on why government cannot trust this since the flactuation is very crucial and might people will lose if they put all their wealth unto this currency and unlike fiat we cannot trust tis actually since we don't know what the future brings since the flactuation is not stable and quite unpredictable.

But on the other hand Btc is really affected and we see now the effect people are now selling their hodl coins since many people are in crisis so they prefer to sell of to have fiat for their supplies and that's the reason on the big dump cames.

Yes. This might be the best time to promote  faster adoption of crypto instead of using fiat that is more prone to virus. If all people is already educated about crypto and how it works even before this outbreak happened, the chances for adoption might be high but sad to say, people are still sticking to fiat even how disadvantaged it is to use especially in this time of corona virus. Some investors are even selling their coins in exchange for fiat.

I don’t see how BTC wasn’t affected when you know for sure that everything was affected, and not just fiat, but stock market and cryptoassets like BTC, eth, BCH and the rest. The whole market faced the wrath of the corona virus and some economists used that opportunity rant about Bitcoin and call it a failure, although we know for sure that it’s not. This was just a temporary case and after a while things are getting back to where it used to be at the top. The bulls has been able to defend the price and pushed it to above $6700 as of recent.

But in coming day, bitcoin may not get impacted by the economic slow down as bitcoin got core reasons to retain its value which may help it to keep attracting investors from most other sectors as almost all other investment/trading related things are highly impacted by economic slow down. When bitcoin remains stronger it will result again in gaining more value in short term itself.

Maybe you're right, but I know that it still affects Bitcoin in the sense that fiat is the main monetary system and whenever situations like these hit people might be forced to sell their cryptocurrencies and still convert that money to fiat so that they can be able to buy food to last them till the situation is over. And when they start selling their coins it results to an increase in the price of Bitcoin.

So, I would say that this affects almost everything, though I am not sure if it was the reason why the price of Bitcoin crashed, I have seen so many cases being pointed at as the main reasons that caused the price of Bitcoin to plunge.

In Germany for example, the deposit interest has a negative value, banks need the cash flow, to many people put money away so by increasing the budget deficit the party globe is launch in the banks.

Yes I do have seen how our government have responded on the rising case of this covid-19 pandemic. Our government have extended a hand on borrowing money from the world bank just to be able to sustain the needs of its people since many individuals are directly affected by this pandemic because many establishments are close which lead to people getting jobless and tend to stay at home.

It is indeed that this pandemic is really harmful directly to the fiat currency and not into Bitcoin because we are most likely using fiat to provide direct response on this pandemic to sustain the necessities of ours to be able to survive this crisis. This Pandemic have really gone through the limitations of almost all countries affected which lead them to create a loan or borrow money just to sustain the needs of its people during this crisis we are facing right now.

That is the only move by the government, the easy solution is just to borrow funds that they need during the pandemic, but of course bitcoin is different, as we in crypto are living in a decentralized ecosystem, the only thing that is corrupt here are the manipulation of the whales but at least we are aware of that and the figure is very transparent to us unlike in our government where they make a law or action that might have long term bad result.

With that said, I still don't think fiat will not survive, it will but maybe in the long run if government can regulate the crypto world, people might have a freedom to choose fiat as only a payment system while bitcoin as a store of value.

Debt is always considered the solution for all economic problems, even though its true debt actually adds to the economic burden. Because debt is always accompanied by interest and collateral, so that creditors always and surely benefit, besides that the government protects the bank as if the bank collapses then the economy will experience a disaster. In fact, it is the bank that is the trouble maker.

World Bank & IMF although officially this is an international institution, the international monetary is organized like a private company. Decisions must be made by the majority of shares held. Because America holds the majority of capital in both, America is the main actor who controls the most votes for the funds or bank decisions.

Especially for the corona pandemic, the fact also affects the cryptocurrency market. Because normally individuals in crisis conditions will hold cash in the form of fiat (dollars). Evidently Berkshire Hathway released a majority of its shares at the end of March and held cash, but its purpose was different from other individuals in general, Warren Buffett would likely buy up many shares when the price dropped during an economic crisis. So they remain kings after the crisis.

Fiat is government, because they created it, the only reason why we hate fiat is when we hate our government, that's it.
They are useful to people especially those who are just living a simple life, not thinking of investing but just working to survive, but for people who sees and concern of the future, they will care so much on the status of the government, especially its financial side to determine and predict its future.

Bitcoin as they say a store of value, but its volatile, so there's always a debate on that, not everyone can be convince.

What if we settle and look forward to those QR scanning so that it is really a less physical touching of things to make transactions. You will only use your device to scan those QR codes and the transactions is done, as easy and fast like that. But it will take a lot of time for other companies to build a platform where they allow the sending of cryptocurrencies using QR codes just like what is happening in the supermarket and other businesses.

The problem is that some supermarket or businesses are still not accepting bitcoin as a payment due to ignorance of cryptocurrency. They are still not that convinced to allow the accepting of bitcoin in their economy so it is useless if we still continue this kind of concept if we do not prioritize adoption first.

The Covid-19 crisis already effected economy all over the world. But, people unfortunately thinking it's over, considering there is no vaccine yet and the outbreaks situation, it's not going to be over yet and the progress is harming the economy in all nations governments are under pressure because of the crisis and so people. During this sad period of the time Bitcoin is a safe trench for investors because except for the previous dump, Bitcoin market is effected less than others, that's what saves the economy during this time.

Bitcoin now seems to be more effective than the Fiat currency in improving the economy. Because fiat is controlled by a fully centralized government the demand for fiat currencies goes down as the economy suffers.

It is absolutely true that the coronavirus has had no effect on Bitcoin, but the worse the situation for Fiat currency the worse it will be But in the wake of the virus the price of Bitcoin is rising at a massive rate The bull run has almost come to the market Bitcoin can help improve the economy.

Coronavirus is affecting too much our economy but i don't think that it harm the fiat money because fiat money is still useful even covid pandemic keep on spreading. Fiat moneybis issued by the government and although we are in a worst situation fiat money still exist and useful everyday to buy our needs. Bitcoin is helful also at this time because it serve us an alternative source of income this time that many are stay at home and lost their job. Fiat and money are now the important factor to consider during this pandemic,hope that government know that. And hope that the mass adoption of bitcoin and other cryptocurrency will continue to increase.

Exactly but during such times people are looking for options that provide them stability for the time being and not profits in the long run. I do not see an opportunity for bitcoins but overall it is very true that fiat transactions would be reduced in future because people don't want to touch the physical notes and rather adopt the cash-less payment methods which brings bitcoins on the top although there are tax issues and evaders and other illegal activities that can be pursued with the help pf bitcoins so it will be hard for the government to ever take initiative and they would rather adopt a payment system like paypal so that they have more control over their people.

Conclusively I don't think bitcoins are much benefited by either corona virus or any virus that spreads because when anything like this happens there will be a low for almost all the markets including crypto industry.

It actually did as the price went as low as 4k a few months back and it recovered because others saw it as a golden opportunity to invest some into bitcoins while countries suffering critically with covid-19 had a immense panic and a lot of miners also stopped operating from a news I read online somewhere so yeah there was a panic and bitcoins were affected but not for long period.

According to me there is no reason why if the economy goes down we expect crypto currencies to be adopted because a poor economy means that you don't have enough money and those are times when people look towards fulfilling daily needs rather than making investment into crypto and bitcoins.

China always had a large share in holding of bitcoins so the crash that happened in March was because of China I believe as they were the ones firstly affected by the corona virus.

Yes, this is a pandemic and I think a pandemic affects everything there is. Every market, assets, you name it, they are all being affected by this pandemic. Cryptocurrency was hit by the coronavirus, if not the level the price is at now wouldn’t be what we would have been at.

So, it affected cryptocurrency, and look where Bitcoin has been at and can hardly get pass the level. At this time, a lot of people are even afraid to buy cryptocurrencies that are volatile and would prefer the stable coins to save their money from dropping. Although I would say it’s best to buy cryptocurrencies now that they are low in price. A future increase is on the way.

In germany they love cash a lot so they just keep a lot at home, but when you want to take a credit that's nice

It is true there was/is an economic melt down in so many part of the world due to the Corona virus. This is as a result of the lock down imposed by several countries in order to contain the spread of the virus as it spreads fast through physical contact. Many businesses and services had to close down as a result of the lock down.
This, without doubt, affected the fiat currencies that we have just because they are physical cash. The virus can be transmitted through these fiat currencies and in turn needed to be avoided.
This is another advantage of bitcoin over fiat currency in that it is a digital currency and can be used without having physical contacts

When it pertains to covid-19, fiat or physical currency is really harmful to think that it could easily contains the virus from a hand to hand  contact. Unlike bitcoin, it is more reliable and safe payment method this time. However, the problem here is that we cannot use it in our daily spending especially the basic necessities. And as for the Governments in certain countries has their own systematic guidelines in dealing out this crisis. Some was really drown into debts and any kinds of loans because of the budget shortage and economic fall. You are right, we are still lucky despite this pandemic because bitcoin industry remained strong and unshaken.

I don't think that's the case. Because even in Corona, there's all offices locked up. There are many places where due to lockdown, even power supplies were stopped or temporarily saw huge cuts. Hence it's not in favor of Bitcoin as well. When the whole world shuts down, then everything that exists will be negatively impacted. Comparable to fiat, crypto has suffered less, but doesn't mean it didn't at all!

Fiat currency flow got affected due to the pandemic. This is a temporary issue, and to increase the circulation of fiat currencies governments have made several plans. Fiat market is much associated with the economic conditions of a country. In specific when the production is affected automatically the impact can be  experienced over money flow.

In my locality during the pandemic most of people out of cash started to cultivate their own food for survival. This is the situation prevailing around the globe, coronavirus is not harmful to anything specific. It has made good changes in human beings as well as made economic crash on the other side.

Yes, many countries responded on the scare of corona virus wherein this pandemic brought drastic downfall to our world economy and until now we are still fighting to end this pandemic so that we can go back to our normal lives and to live without fear interacting with other people. Bitcoin on the other side, it did break down due to people cashing out to prepare for the lockdown procedures implemented by the government respectively.

Well, it still depends on the government, if they handled the situation quite good then they don't need to have debts on our countries that will affect the fiat currencies.

All of the actions that will make our economy into downfall is because of our leaders' decision to our country.

The currency is affected at some point because of coronavirus but imagine if they are competent and such conditions, maybe we aren't suffering on this pandemic right now.

Coronavirus is not bitcoin it is an epidemic that has spread to the entire world economy but Fiat is very bad for the currency because the epidemic has brought the country's economy down a lot. In other monetary systems such as the government and the central bank the fiat currency depends on the country's economy not the bitcoin, so the fiat currency suffers from the effects of the epidemic. it will not last long most countries are planning to improve the economy and have opened up everything.

In today's world, you should not despair because there is no good in the good things that will happen in the lives of all of us no matter what every step is uncertain but I believe that it will be formed.in fact, fiat currency is very risky to anyone at this time that the coronavirus behind this scenario is still there and because of this situation, Bitcoin is fully alarming for how many months.

Many fiat currencies lose their value during the pandemic that
make so many people wondering about bitcoin that still
maintain it value and stable in supply during the lockdown.
Bitcoin is decentralized currency which is well pumping the
way investors want it to pump compared to fiat currencies
which is centralized in the country. Many countries found it
difficult to use fiat money to improve their economy and other business things.
Bitcoin is well okay in the market which many people are still doing well with their profit.

.Of course, the coronavirus is harmful to the Fiat currency. Because it moves toward physical appliance, not bitcoin. Bitcoin is an online currency and all its endeavor is performed online. So people have no probability to be affected. But in the Fiat currency people work from the self-present. So it is harmful to everyone.

Coronavirus is spreading rapidly and the vaccine is not discovered yet. None can say any solution about it to reduce its affection.

For the coronavirus, the country's economy isn't stable and it's getting vulnerable. Because of being closed all the official things remained closed. That's why it is harmful to the fiat currencies. Bitcoin isn't affected because we saw the Bitcoin price and demand at that time.

Also the number of online transactions have been increased by a big margin and some new projects are being worked on the blockchain technology which means the pandemic was indeed horrific for the regular economy but the bitcoin market or the cryptocurrencies market in general actually benefited from the current situation.

There were news that the vaccine is coming from Russia but I don't know where that news evaporated and what happened with that news. I believe the only way to survive right now is by taking precautions and apart from giving our best chance to avoid corona virus we cannot do much so if we do our best and still get infected, we have to accept our fate.

The corona virus is really affecting the economy, the budget of the country is become shortage right now and some people are suffering a financial problem, and i think it takes a very long time to recover. The fiat is the most affected specially in some other country they never use fiat in buying or making any payment to avoid spreading the virus because virus can be transfer by holding the money or coin, while in bitcoin the virus has no effect at all.

Even before the coronavirus there are few countries that faced hard inflation. The coronavirus made those go even worse. With other countries the lockdown/complete shutdown lowered the money flow within the country. This resulted in inflation.

To overcome the lack of money flow governments have announced different schemes. Most of the time the low level (beneficiaries don't make use of it). At the higher level itself it reaches their pockets. This isn't harm to fiat, but the politicians have made it an opportunity.

Yes, its true. Physical money/fiat are very harmful this time, because it accumulate the viruses and stay for a long time in the money. And through hand to hand contact, the rapid spread and transmission of virus was made so easy. For me, this is the best time for total bitcoin adoption because it could protect and help us to manage our funds and pay bills and purchase online with less worry.

Coronavirus or COVID-19 is the reason why most countries are experiencing a huge downfall in their economy because production has stopped, that every worker temporarily lost their jobs due to community quarantine lockdowns. It is also why fiat currencies, banking system, and stocks are suffering during the pandemic. Unlike bitcoin, it saves our financial system from falling due to its decentralization.

The Coronavirus halts all economic activity, causing cash flow to stop circulating in the market. That reduces the liquidity of fiat money. Cash is also limited in use because they run the risk of spreading viruses by using them. Because of the pandemic, society will encourage not to use cash.
Bitcoin and gold are new places when money flows into it after being pulled out of other markets.

Yes it is very harmful in currencies I heard in news U.S.A their dollar price dropped cause of pandemic i heard that the U.S.A economy is declining sharply maybe that's the reason as their currencies is also declining

Why the pandemic worsens the value of current fiat money because it is used legally in the country as a transaction tool.  All economic policies taken will have a direct impact on fiat money.  How not, because what determines inflation in a country is fiat money, not bitcoin.  Monetary policy is devoted to regulating the supply of fiat money, not other assets.  Because if it is excessive, there will be inflation, if it is less, there will also be a decrease in people's purchasing power.  Bitcoin is not that common for everyone even there are still many countries that have not legalized it for reasons of economic problems.

This show bitcoin still remain the king of all currencies during this pandemic that really make some currency devalue in the country. Many government are now rushing to make sure more money is printed to enable them fix their economy back to the country.
Since covid-19 take place bitcoin never devalue, it keep maintaining it value in the market that is making other fiat money investors wondering how powerful this decentralized currency, it is in the market through out the pandemic,that reduce other cryptocurrencies but it keep rising in the market.

Covid-19 have no doubt negatively impacted the fiat currency from the very beginning of this pandemic. It was very evident from based on the movement of the stock market, which as you know crashed. Many investors had withdrawn and sold their holdings because of the fear that fiat would really go down quickly.

However, the fiat currency is now slowly recovering from the pandemic’s effect. It’s slowly building its value again as it increase little by little in percentage. Meanwhile, the effect of pandemic on bitcoin is not much noticeable, but it has its minimal impact to it as well. We can’t really say that our community is “pandemic proof” because the crypto users and traders are affected too, hence can make a slight impact too when it comes to buying and selling.

That is true because if the Corona Virus has a significant effect on Bitcoin, it would be noticeable on its value but nothing has change even the virus has spread. Bitcoin's value is only affected on the supply and demand on circulation and also the number of users taking interest on it might also affect its value. Fiat currencies would be affected because its used mostly in daily lives and it would also shut down some businesses that only transacts using fiat.

Its really obvious that corona virus is causing harm to the economy of a country because of it's lockdown which happened to prevent people not to come in contact with one another, it really affects businesses and resources of government revenue, see corona virus caused harm to human life especially entrepreneurs it flourished goods. Emphasising in it's contamination via Fiat currency, I don't think its possible because many people would have been contacted or affected through the virus, so such country who are agitating via passing the virus through money should look for the remedy to eliminate the virus because fiat currency can't transmit such disease.

The debt of every country is increasing because of pandemic. In my country, we have to loan in international bank because the government need to sustain the budget regarding to the calamity and pandemic matters. By that, experts said that my country will experience an economic depression because of the debt. Coronavirus really harm not only the health of every people but it makes a country poor and give a high debt.

Have a look at the Bitcoin chart from March to April.
https://i.imgur.com/LvZBL1Y.png

The price of Bitcoin experienced a decline when the first global lockdown started around the world.
When a recession occurs, people will not think about saving wealth, but how the wealth is spent to survive. This phenomenon has proven to have a major effect on the economy including bitcoin, even though it will not kill bitcoin itself.

Yes, fiat now had been not doing well and its purchasing power had depleted because people are more needing food rather than money. If the pandemic will going to continue then high chance that it can no longer be use and it will have no value no more. People will going to plant for their living if they wanted to get food to eat. Hopefully this will not going to happen because many people will get affected by it especially us the poor.

I also think its pandemic will increase govt debt. Many people said crypto will not survive when COVID-19 strikes us. But we all know what happens later. The Crypto market gain momentum through DeFi hype and I think govt now will think about how they can use crypto in their own way. Many companies already invested in bitcoin we all know that. More are doing the same now.

It is very clear that the pandemic has hit the economy of every country.  So this economic rescue was carried out by providing large subsidies to the community.  How can the government provide a lot of subsidies if the state revenue decreases, many companies suffer losses and even close, is it possible only from taxes.  Surely what the government is doing by increasing debt or printing money.  All of this had a clear impact on fiat money.  On the other hand, everyone has started to worry about their assets.  Amid economic uncertainty, people are defending themselves by saving their assets to Bitcoin.  It is not unusual for Bitcoin to appreciate during Covid.

I agree if there is an opinion that the corona virus does have a bad effect on fiat currency. Because the government will continue
to print money, to recover the economy quickly. But the effect will make the fiat currency decrease in value, no wonder the stock
market finally crashed. But surprisingly the corona virus does not harm Bitcoin, even the Bitcoin price movement graph is getting up,
this proves that many people prefer to store their wealth in Bitcoin. Because right now not only individuals buy Bitcoin, but more and
more companies are deciding to buy Bitcoin. Because many people are in a pandemic situation like now think Bitcoin can be a store of
value.

It depends on the point of view, this is because in the short term cryptocurrencies can have substantial volatility, but when we compare it in the long term we realize that there are many cryptocurrencies that have had a considerable price increase, so I think that volatility can be a good time in increase our position, especially Bitcoin, Ethereum, among others.

Exactly!

Like any other product used a store of value for humans. When those humans feel unsecure, they will spend every option to stay alive and this is how price dropped. And this has nothing to the nature of bitcoin itself.

We are in the second wave with covid, which is more harmful, but that people start adapting with a pandemic reality, the price chart is back to normal.

Let us hope that the pandemic will not be prolonged to such an extent that the absolute majority of the population will be forced to engage in subsistence farming and natural exchange. Almost all the existing cases of hyperinflation and total depreciation of money occurred against the background of civil conflicts and the destruction of state structures, but now there is no such thing, and we hope that the state authorities will keep the situation under control and prevent long-term chaos and unrest.

Yes, fiat currency is directly affected by the corona virus but I do not think it will.not affect bitcoin. As of the moment money beimlng stored.in bitcoin are safe but if this continue and money will be no more value I doubt that bitcoin will still have value too. The bitcoin is exchange through fiat currency that enable us to buy with and bitcoin still not adapted and use to buy our daily needs. Bitcoin will be going to affected as well fiat currency collapse.

Actually, there is already a control in different economies because we are already in the last quarter of the year where people got used to the "new normal". At the 1st quarter of the year 2020, a lot of financial market is keep crashing and cryptocurrency market is part of it because a lot of people want to liquidate their position and they want to just stay with cash but after many months, the economy bounces back wherein we are now on the way of fully recovery. The virus actually pushes the people and a lot of merchants to adopt digital payment system after the WHO statements about the possible infection of covi-19 through using fiat money.

We always knew that bitcoin was something that would be prevention towards high inflation and bad economy management, that is why it was created to begin with. Satoshi didn't created bitcoin because he just wanted to have fun, he created it because he knew (and many before him that failed) governments and companies are horrible at managing economies and currencies.

But when you have a currency that is managed by everyone equally at the same time with absolutely no ownership by anyone and can't change or print or do anything because it is decentralized, you will have a much better currency. Some people still do not understand the idea of bitcoin perfectly, there are still friends who keep asking how it works, but when the world understands its power fully, we are going to see it become huge.

Fiat demand is decreasing because people choose to stay at their home holding their gadget and doing a lot of staff thru online, due to these most of the transaction are done online and digital currencies are at most use. These suddenly changes bought a drawbacks in the economy of every each country and are now undergo recession.
So in order for an economy to survive the government will finds its way to got to used of digital currencies that will soon affect the crypto currencies in a positive way.

In addition to the increasing number of violations in the world economy, crime is also increasing everywhere because of this pandemic.  The government must immediately follow up in handling covid 19.The whole world wants this Covid to immediately disappear so that life can be normal as usual.

fiat currency is always problematic and very risky for transmission if it occurs, it will be faster to infect the people who hold the fiat money and it will be worse making each transmission very fast if it is held by people who have exposed to the virus the right solution at the right time This pandemic is a digital currency such as bitcoin to facilitate actual transactions, but some countries have not given enough room for bitcoin to be more developed for payment.

Your argument to support bitcoin is very poor in this case. It's an era of digital technologies but have you heard anything about cards? VISA/Master cards? You can just take your card near to pos terminal, in reality there isn't any physical contact between you and any 3rd parties, it's just PayWave transaction. It's the safest method of payment, great alternative of cash. So, bitcoin isn't something that can escape us from this virus. It's great on it's own and it's even great that price went up instead of fall like it happened to every fiat currency.

Yes, bitcoin is Still rising in the market that is making their investors name it, as the best currency among other currencies in the world just because they way it pump, through out the pandemic where other cryptocurrencies where reducing in the market that was causing some investors loses in their Investment.
Many government are now responding to what corona virus has caused to the life of humanity, in the country and to find solutions to it by requesting for high budget to end the hardship in the country. The central bank will do everything possible to listen to government demand for more fiat money so that the government can  do what will bring the economy and other sectors back to normal in the country.

i thought this was a joke lol,because how can an online currency can be affected by Virus  ;D

And also this pandemic people forced to look for payment options that needs no physical action so i think some of them consider bitcoin since this is not that popular as others.
but at least not the word "Harmful" as what OP says in effect to fiat.

This conclusion is indeed not devoid of some sense.  Cash cryptocurrency turned out to be a carrier of the coronavirus, and governments began to disinfect it or keep it in storage for a certain time.  All fiat currencies of states are now under the threat of significant inflation if unprecedented quarantine measures taken by governments lead to a global economic crisis. 
The cryptocurrency was subject to a significant drop in price only during the initial period of the spread of information about the appearance of the coronavirus.  It can only benefit from the global economic crisis as a deflationary tool.

every country will indeed have a recession, because this corona virus makes a country lack their financial,
the finances of a country are very much affected by this pandemic, many export sectors have died, jobs become difficult, and several other financial cases, and make a country have to print more money or they have to debt from other countries,
but Bitcoin will not fall because of all that, the supply cannot increase no matter what and this is its specialty

You need to remember that the price of bitcoin was only $3000 in March. And the main event in March was the Coronavirus. It affected the price of bitcoin strongly but thank to the halving, we are capable to see the price of bitcoin recovering significantly

Bitcoin is somehow bound to the global economy. You cant deny it. Our economy is built from countries, countries are built from people. And it is inherent that people use bitcoin. If there is an economic crisis, they probably sell most of their asset for safety

Yes, I agree 100% and that is why many people are converting their fiat to bitcoin after seeing a good result to it as it grows its market price over a period of time. This is somewhat the best way to avoid getting hit by an inflation rate where most fiat currency value is being depleted due to economy crisis or most of the economy in every country is down.

it is definitely dangerous but there are still many people around the world using fiat money and it is still used for buying and selling there is not even a solution in many countries all still use fiat money for transactions where people have been dependent on using fiat money until now This and it has been the case for a long time whether there is a solution someday to throw away fiat money with more perfect currency. actually, bitcoin can also be a solution for exchanges but there are still many countries that prohibit it.

you were right in your predictions.  Bitcoin was not affected.  even those who invested in bitcoin during this process turned out to be profitable.  countries' deficits increased, health spending increased.  Those who allocate more budgets to the defense industry every year now have to spend more on health expenditures.

The virus has caused the economy including the fiat currency to plummet bitcoin has no effect the corona virus has taken people's lives a long way that's why the government needs to allocate more to the medical sector to prevent the virus from invading. If the helpless and poor people get free treatment they will be able to improve their health even if he is afflicted with the disease he cannot go to the doctor properly due to lack of money in  he suffers from poor health.

A good reason why we are seeing this current strong bull run, institutional investors and businesses are seeing the after effects of this pandemic, and with such cases, they'll seeing the potential of this crypto currency as a good for for investment as it wasn't affected by
any depletion which may take place to any fiat money from different countries.

Good thing that we are able to invest with bitcoin and continue to enjoy the growth of our investments. With new players around it
will add more adoptions that may create much wider impacts to this market.

I do not think so. The coronavirus stops the world economies, it cuts off the cash flows, due to which the price of bitcoin rises.
Note how bitcoin began to grow after the abolition of restrictive measures, I'm sure this is due. If now in view of the global quarantine again, we will certainly face a deep correction.

If the OP will revisit his thread, he will be happy with his statement. Right now, bitcoin's price is soaring as compared to the time that he created this thread, March 2020 (around 5800 level at the time he posted). Wow, that's about 300% increase. If someone bought btc at that time, he's enjoying his profits right now. Indeed, pandemic didn't stop btc to perform great in the market.

OP's prediction is definitely correct,, many months ago after lockdown and strict restrictions were implemented due to covid 19, we all witnessed how badly the fiat gotten affected while bitcoin continues to rise until now. Bitcoin has not been affected and those who invested and trust in bitcoin at that time are very lucky now.

Yes!

It became true. Despite bitcoin dropped a lot on March which was the hottest month also for covid-19 infection it has remained resilient. And while we're looking to the price and awaits for the breaking of the ATH, bitcoin is the strongest asset that we can credit during this pandemic.

And that's not all.

A lot of positive vibes would come in once the world is cleared again from this virus. Lives will come back to normal and cash flow of most people will go back to normal again which could be in favor of bitcoin.

Look at this picture, crypto market continue being bearish before corona virus appeareed. And now, during the pandemic, all prices become bullish. So how sure are you that btc will soar further after we eradicate the virus? Why don't you think its the opposite? Oops! I'm not a pessimist. Just saying lol.

Nevertheless, I'm very glad that we can already say that we're already in the verge of ending the problem. The invention of vaccine is on its way (95% complete as Pfizer's claim) so let's keep on waiting. I wish that our Christmas this year is a lot merrier than ever :D.

Many Analyst have mentioned Bitcoin as digital gold of future, but still as someone mentioned before that Coronavirus have harmed human-being directly not fiat currency. Though indirectly it have hampered various industry which may never recover all together, as said by Nicolas Talleb in his recent interview.

Corona Virus has been a silent blessing for crypto holders.  It is a terrible pandemic and we should all stay safe but we can watch our crypto accounts grow in value.  

There is a lot of big news in Bitcoin world this last week and I think bigger news will come sooner only to keep the bull run going.

The high price of covid 19 and bitcoin has brought the Fiat currency down . But if the economy improves a touch the Fiat currency will rise again but as Bitcoin becomes decentralized, the demand for Bitcoin are going to be above Fiat. Cryptocurrency may be a sort of digital currency which will be created and used outside the control of the govt or the financial institution. Investors are very lucky and now those that will invest in Bitcoin are going to be ready to make some profit prices may rise to higher prices.

As of now maybe because bitcoin is undeniably still at bullish mode, so it's correct that because of the covid-19, crypto market was appreciated.
Maybe i's already the institutional investors that are coming in, there's a bigger influx of money for the market and we have seen its effect now already.


Such as-  ;D

Money is flowing again and just as you see, there were lockdowns yet bitcoin went into a surge. So, in that case if money goes into flow again in the economy and people don't have to think of stocking their money into cash.

It will be into investments and bitcoin will be their option. Bitcoin is attractive as it's pumping and most investors won't have any doubt investing into it after they've seen it gone through in a bull run for 2017 and this year.

And 2021 is also speculated to be in good hands.

This pandemic fortunately is a blessing in disguise to crypto. With this crisis, people appreciate crypto or bitcoin as a good alternative payment method as compared to cash. However, the adoption from noncrypto users is not to be expected to surge fast, but I really think, during this pandemic period, there are a lot of noncrypto users that are converted to be crypto enthusiasts. With a lot of time to study and search during lockdown, for sure, some of them encounter bitcoin or crypto, and got their interest to look into it. And to add, the announcement of paypal regarding the integration of crypto in their system, gave a lot of positive vibes to crypto community.

What is true is true, such favorable conditions for the growth of the cryptocurrency market have not yet existed. And cryptocurrency users have become more prudent and attentive in relation to their investments, as well as the economies of countries under the pressure of the coronavirus destroys all confidence in the stock market and in national currencies. Therefore, investors come to the cryptocurrency market and especially in Bitcoin.

Yes and that is why major financial funds in the US have poured huge capital into Bitcoin and hold it for the long term.  When the government's plans are bad, then Bitcoin is a bailout for their policy mistakes.  To me, Bitcoin deserves to be a common currency in the world in next 10 years.

I agree that the corona virus is very harmful for fiat, because in order to recover the economy quickly several countries are printing money.
This can make the value of the fiat currency decrease, due to inflation. While the price of Bitcoin is increasing in a pandemic situation,
because many people just realized that Bitcoin is very good as a store of value.

Is that really the solution? I think that is so easy, if every country would print money then covid-19 or the pandemic is not anymore a problem.

You know what, people are panic when USA printed more money and the statement of President Trump about it does not please them.

I can only confirm that investment funds in the US are involved in holding Bitcoin, other than that new "investors" I am not sure.
Currently only money is poured into Bitcoin, in addition, the Defi projects or the new Dapps projects only have familiar Blockchain investment funds such as Polychain Capital, Pantera Capital, Galaxy Digital, IDG Capital, ... .
Based on the signals, I guess that the Crypto market has not been appreciated, only Bitcoin is the most appreciated asset here, hope you do not think wrong about the market.

You're right! Corona virus is very harmful to fiat currencies and not bitcoin because government only support and care about the circulation of fiat money in the country. Because of Covid economic problem of the country suddenly rise too much on which the government need to have enough funds in order to make sure that it will recover. Then if government will buy vaccine for covid virus ,they also need and use fiat money to buy and not bitcoin. Also this Corona virus has no effect on Bitcoin because it is digital, untouchable, can't transfer physically and covid has no contact in bitcoin unlike in fiat money that can carry thousands of virus and bacteria and able to transfer it to others.

For me it doesn't matter if there were people that are converted from doubters to crypto believers.

What's important this time is that we're looking at the good position of everyone in the market and as well as the market's position itself. It's something that we're not expecting during this pandemic.

We thought that this year won't be ending well because of the pandemic.

Not just because of inflation but because even the governments are now proposing and encouraging online transactions which directly helps the crypto market because when you do online payments somewhere you will definitely see the option for bitcoins payment and you get to know about it directly or indirectly.

There are lots of people who are now into crypto trading and because of the bull run everyone is loving what they are doing because almost no major coin is going down while bitcoin keeps going up so everyone is making profits from their trading, even newbies.

Pandemic had deadly impact on our economy and a lot of lives were taken away, I feel sorry for them but we cannot deny that the pandemic made the world more digital and pushed us 10 years ahead in terms of digitalization like online education, transaction and shopping.

Yes you are right.  The functioning of the bitcoin network has nothing to do with the development of the Covid-19 pandemic. 

Isolation of national segments of the Internet and power supply problems could wreak havoc on Bitcoin, but the pandemic is not. 

At the same time, the pandemic affected national currencies (US dollar, pound sterling, yuan, ruble, etc.).  The money supply of fiat currencies has increased significantly.

The coronavirus pandemic has shown the weakness of fiat currencies and the strength of Bitcoin.  At the same time, the price of Bitcoin is expressed in fiat currencies.  Therefore, the price of Bitcoin is rising.

When the pandemic started, it was nothing but disaster for the financial we saw stocks go down real bad, everything dipped including bitcoin, fiat devalued badly and the government didn't stop printing more of it, like in my country we normally depend on revenue we get from the sales of our crude oil, so when the price of crude oil dipped it affected us badly, the price of everything in our country went up, stuffs you buy for $2 back then, now cost $3 to 4, but I'm glad bitcoin bounced back, and now more adoption has taken place since PayPal started accepting it.

True, but no one really wins with this, even if we can maintain our wealth or even increase it thanks to bitcoin during these difficult times at the same time there is going to be a lot of suffering, governments are reaching a breaking point, they do not know how to face any crisis except by printing more money, throwing it at the problem and hope that it fixes itself and this is not going to work when the problem itself is the amount of money they are printing, things are slowly getting out of control and if something else were to go wrong when the economy is still in such a bad shape then things could get ugly really fast.

Also in other way around, using fiat will just make corona virus to spread easily because in using fiat, we need to use it physically unlike Bitcoin that it could only use virtually, therefore it's more safer than fiat. The Government used that reason to use Bitcoin as a new way of payment also to help their economy to rise faster than using fiat. We all know that the price of Bitcoin fluctuates much more than fiat therefore if they bought a lot of Bitcoins since March 2020, I'm sure they made a lot of profits this month.

And those profits will keep on circulating on their economy that will be their help in order to regain their country's needs, without any funds because of taxes being paid by the citizens, a country will never be develop.

The development of Bitcoin has increased due to Corona although the value of the Fiat currency fell sharply did not have a detrimental effect on Bitcoin. Once the economy recovers the Fiat currency will return to its former place. Fiat currency is more in circulation than Bitcoin. Nothing can control the Bitcoin market stock markets closed as fiat lost ground. Lack of money they are not able to spend anything tut the rapid development of Bitcoin will help improve Fiat currency.

Coronavirus actually exposes what's lacking in the government and the government needs to fix it ASAP which means spending a lot of money as well as increasing the hospital facilities. It's really understandable that most of countries gonna struggle a lot like countries with relatively low GDP income.

There's absolutely nothing we can do though since that just how things works. Also due to that inflation appears thus people money converting to BTC.

The good side that happened as it is. Bitcoin begins recognitions coming from those institutional investors, after this pandemic lots of people started to switch not just their investment but also bitcoin ws used for transacting to buy goods and foods online. It helps a lots in terms of usages as fear from people put them away from transacting physically.

The use of fiat has  minimized, more deal we're done online and more businesses who do survive use online process, better to use this system than taking the risk of being infected.

The pandemic gives bitcoin an opportunity to be introduce to the world, the money that is coming now are institutional investors according to some news, so this is a good thing for bitcoin because it will strengthen its future. We will not miss this opportunity now, and I think even if the vaccine will be release and will be distributed worldwide, bitcoin will remain positive, it might dump a bit but its certainly due to corrections only.

crazy that this virus even drive cryptocurrencies to be a great investment

Coronavirus was really harmful to the fiat currency because we can see that due to this virus many people are intent to use digital money like buying things online and paying it online to avoid physical contact or physical money when payment is there. In my country, they are already using paymaya and gcash as a mode of payment because they are avoiding the spreading of viruses that might get in the physical cash or fiat. Not just only numerous businesses have been going down but almost all of the businesses become bankrupt due to the lockdown that has been happened to us, we can see that the stock market was in a red situation and also going down due to this coronavirus.

Covid-19 is really bad for Fiat but the reason is not what you say, people are still using fiat normally, even if they want to convert to online transactions, banks in the countries still provide a full range of services to them, cryptocurrencies or bitcoin have yet to enter these fields as banks have always been vigilant. Fiat was affected by economic losses, companies lacking too much capital and people lacking too many jobs, bitcoin has benefited when people are turning to online investments but things will probably settle back soon as the vaccine is very close

I do think that the Coronavirus pandemic affected job employment and opportunities as a whole, which indirectly affected the fiat as a whole.

With this in mind, the economic has been stunted and any opportunities for job employment decreased. This resulted to a number of workers being unable to meet their monthly obligations given that most businesses have been closing their operations. Although the creation of the vaccine gives hope, this will not restore the damage it created initially, maybe not in the near future.

Yes. Up to this point your opinion is absolutely correct. While governments of countries are struggling to find policies to respond to and reduce the vulnerability of covid 19's consequences, a doorway to bitcoin's rise is understandable. Fiat no longer matters in covid translation terms, even with Fiat in hand, you still cannot use them and cannot invest anywhere. but bitcoin is too different. $ 48k will not be the stop. I will follow it triggered the next history.
They could not lockdown the economy for too long, to balance the fiat and the damage had taken place. That is also the weakness of fiat.

You're correct Corona infection isn't hurtful for bitcoin rather it encourages the bitcoin to develop more.
At the point when the infection happens numerous business goes down and people groups begin remaining at home.
All the stocks market shut down and individuals begin thinking to put resources into bitcoin and digital currency, which changed the bitcoin market.
Presently bitcoin cost is higher in contrast with the most recent year cost.

bitcoin can never be affected even if pandemic spread all the world because it is a digital currencies and cannot be spend literally as of  any of crypto currencies compare to cash. the government spend cash not the digital currency to study and make vaccines. Many investors like tesla who invest in billions worth of bitcoin even pandemic outbreak is on going.

The fact is that the economies of countries have suffered the most from the coronavirus, as a result of the restrictions and quarantines. In many cases, due to improper regulation and management, it is the government that is the source of these problems. I also believe that it is the government that is the source of the depreciation of national currencies, and not just the virus. In addition, it was the virus that pushed investors to look for alternative assets for investment, and in this case, Bitcoin won.

Corona virus preventing people to meet each other. Which mean that many business that very depend on physical human interactions will be find difficulties, this condition make investors reduce their investment on that business. But different with bitcoin, most of business that using bitcoin or related with it don't depend on physical human interaction because they use online transaction. Probably that caused many investors start to get involved in bitcoin investment.

     Honestly, if the government has no extra funds that can be allocated to improving situations while being in the middle of this pandemic, the governments have no choice but to look for other alternatives that are easier and faster. In this case, borrowing which increases debt. Thisbis because immediate actions are needed to minimize the damage to the economy and the spread of the virus itself. Let us not he so fast in judging our governments. They may have flaws but in the end, their success is our success and their failure is our failure.

Because of the coronavirus, people are less likely to meet each other physically. I think this is why the use of Bitcoin is increasing day by day. And with the increase in users, the price of Bitcoin is now skyrocketing. As the number of investors and traders of Bitcoin increases, more and more countries will officially legalize Bitcoin. Although there are thousands of bad aspects of the coronavirus, but the coronavirus is a blessing for Bitcoin. Sometimes I think the price of Bitcoin wouldn't have gone up so much if the outbreak of Coronavirus had not been seen.

Surely the government has another way of dealing with this pandemic problem which is still continuing, they have great authority in managing many things so that it can be used as an alternative way if the situation is urgent about funding for the people.
Even I am not worried about that but what they are intensifying right now is how about the vaccine they have bought with that we can confess how people should be vaccinated, and this is a way to prevent fitness, especially in the elderly.

Bitcoin is a non-exist resource. It is improbable to pass the infection from one person to another.

Anyway, it might profoundly impact fiat since people can contact their monetary forms and embrace conceivable that the infection can go through to other people.
So it's better to utilize the digital forms of money and make an online installment by sitting home.
Covid can impact fiat; however, it has no connection with crypto, not even the Cost.