We're either well and truly on the precipice of something cataclysmic or we're going to be dragged back from the edge and spurt some major relief all over the place. I am impressed at how well BTC's price has held up but I also think we're in a bit of a disbelief stage still. I wouldn't want to make any calls about anything at present.
At its core, the expectations of cryptocurrency users have not changed since November 2019, when this theme was created until today. There were constant forecasts that Bitcoin would improve its performance in the cryptocurrency market, but no one imagined what was happening around the world today. Until recently, I very much hoped for another halving of 2020, which would provoke a shortage of Bitcoin in the market, which would lead the entire cryptocurrency market to stable growth, but somehow coronavirus destroys all plans and hopes not only in the cryptocurrency market, but also in relation to to any business in the world. but nonetheless, I believe that during the period of deep economic crisis that awaits us in the near future, it is the cryptocurrency market that should become a lifeline for many investors and businessmen.
I mean the halving is still taking place haha, its still gonna cause the same general effect as it would have, which is to limit new supply and therefore put upward pressure on the price in the months and years to come. Its just that the March 12th panic sell and the fact that tons of people aren't gonna have jobs for a while means there is less money in Bitcoin and will be for a while, so likely this market cycle will be extended by the pandemic. For example, hypothetically if we were gonna see the height of the bull market in 2021, maybe we'll see it in 2022 now instead. You are right though that the expectations haven't really changed, just the timeline is likely moved back a bit.