During the pandemic, many people lost their jobs and therefore their livelihoods. Millions have become unemployed. In your opinion, in such conditions, they thought how to invest the last remaining funds in bitcoin for storage? I don’t think so.On the contrary, people try to keep cash, which will be appreciated in almost any bad outcome.
Under such circumstances, they are not going to trust fiat cash either. With the federal debt at historic highs, only idiots would keep their wealth in fiat cash. For me, the only safe asset seems to be bullion. I am talking about physical gold, and not about paper gold managed by the banks and other financial institutions. If you want to keep your wealth securely, then gold bars/coins seems to be the best option as of now.
While many people lost jobs, and many businesses are almost dead, some companies are making profit, and they are looking
for new investment opportunities. I didn't hear anyone complain in pharmaceutical and telecommunication sectors. This would be
good for researching, to see the top gainers during pandemic, and top losers. If we had some statistic about that, we would
have a better picture about money flow in last months.