Coronavirus is very harmful to fiat currencies, not bitcoin

[blue_nexus15]

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.

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.

[SmokerFace]

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.

[cyriljundos]

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.

[Arkann]

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.

[Nunoluck]

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.

[Vatimins]

     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.

[Swordsoffreedom]

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.

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.

[Furious 7]

     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.

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.

[SmokerFace]

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.