its been stated now, that during April, if BITCOIN can remain above $7700, we are looking at $8500 as the next stop. If countries slowly eliminate COVID completely, will it help boost bitcoins price even further or serve to deter bitcoin from increasing?. This is when the governments have no more COVID to worry about and focus on rejuvenating their economy. They would start implementing their own CBDC and digital currency like China probably this year as well. Will this be the true cause of the fall of bitcoin, or will bitcoin and crypto be integrated into their banking system?
Whether the price of Bitcoin will fall or not and whether the government will proceed with their creation of central bank digital currencies or not, the most important , which is what we all want now is the cure to Covid-19 pandemic. I can't imagine anyone in their right senses wishing for Coronavirus to continue, everyone wants it to come to an end.
Moreover, the government will not and cannot end decentralized cryptocurrency (Bitcoin), they already made it clear that they can't ban. They have no control over decentralized exchanges. The reason why it seems like they have a say in this community is because most of us here are making use of centralized exchanges like Coinbase, Binance, etc. If Coronavirus ends, I'm very sure that Bitcoin will keep on growing, just like it's doing right now.