Stimulus checks perfect storm for massive crypto bull run?

[cafetools]

Direct deposit stimulus money started on the week on April 13th, paper checks go out April 24th. Each person in the USA who qualifies will get about $1200.

I noticed an uptick on the BTC graph (Apr 16th) after the direct deposit date. I am guessing the panic selling Covid-19 is over and the price will just go up now especially with people getting free money.

Combine this with the world getting out of lockdown at maybe the end of this month (April) and maybe we are due for a massive bull run?

[1715064040]

1715064040

[jseverson]

There's data to suggest that it's already starting to happen:

https://cointelegraph.com/news/data-suggests-some-americans-may-be-buying-crypto-with-stimulus-check

That being said, I'm sure a vast majority of the money would be spent on essentials. Investing is a luxury for most households at the moment, especially since we don't know when it'll blow over.

[avikz]

It is very much possible to see a bull run starting from the 2nd week of May. But don't expect that the free money provided by government is going to reach the crypto market because it is a luxury at this moment. However, those who were selling of their crypto hoardings due to the lack of money in hand, may be stopped for good reasons! If the demand stays in the same regime, we might see a spike in the bitcoin price!

However, I don't think we will see anything that fast because the condition of the market is still uncertain! But slowly it will come back on track if the mass don't need to spend their bitcoins for fiat to take care of their daily expenses!

[jossiel]

There was a news that tells people who received the stimulus bought bitcoin.

But we will never know that the panic selling due to covid19 will end at the end of this month. There's still unknown move what will be the plans after this month. Let's expect that there will still be a massive panic sell if the announcement is about extension and longer lockdowns.

Combine this with the world getting out of lockdown at maybe the end of this month (April) and maybe we are due for a massive bull run?

No one knows, halving is by May and that's we're all thinking that will push the markets up.

[Paycoinzzz]

Direct deposit stimulus money started on the week on April 13th, paper checks go out April 24th. Each person in the USA who qualifies will get about $1200.

I noticed an uptick on the BTC graph (Apr 16th) after the direct deposit date. I am guessing the panic selling Covid-19 is over and the price will just go up now especially with people getting free money.

Combine this with the world getting out of lockdown at maybe the end of this month (April) and maybe we are due for a massive bull run?

My opinion is contrary to you. I feel that the market is growing unreasonably. Currently, Americans are still very much unemployed and apply for benefits because of unemployment in very large numbers. There have been more than 20 million applications for unemployment benefits in the US so far, and cases in the US are still growing. In addition, countries with many cases have not been able to reopen their economies such as China, Italy, Spain, etc. blue. It is going backwards and becoming very ridiculous. I guess that in the next 1-2 weeks, the market will return to red.

[Harkorede]

I would object that most people would be thinking about buying crypto just because of the stimulus checks, almost all items have seen a massive hike and these people are also aware that the lockdown could be on for months to come. These stimulus check would not even be enough to keep their sustenance if the lockdown doesn't end anytime soon, buying bitcoin would be the less of their worries.

[exstasie]

Direct deposit stimulus money started on the week on April 13th, paper checks go out April 24th. Each person in the USA who qualifies will get about $1200.

I noticed an uptick on the BTC graph (Apr 16th) after the direct deposit date. I am guessing the panic selling Covid-19 is over and the price will just go up now especially with people getting free money.

That uptick was probably because the stock market spiked upwards, not because people put stimulus money into BTC. I'm sure a few people did, I just don't think it was a big factor.

There has apparently been more stimulus money spent on food than anything else: https://www.usatoday.com/story/money/2020/04/15/coronavirus-stimulus-checks-used-pay-back-friends-buy-food-and-gas/5136304002/

I also expect a lot of people are saving it to pay rent next month, or back rent for April.

Combine this with the world getting out of lockdown at maybe the end of this month (April) and maybe we are due for a massive bull run?

My thoughts on that:

With BTC following the stock market so closely, these factors may become relevant:

• The crude oil market is a dumpster fire, down another 19% on the weekly open and below $15 a barrel now. Much more damage than this and the heavily leveraged US oil industry is going to shutter, or require a quick (and large) bailout.
• Earnings season is here: Earnings are set for their biggest dive since late 2009 — and it gets worse from here
• I have a nagging suspicion that economic and social restrictions are being relaxed too soon, and we'll see a second wave of infections sooner than the market expects.

[Cratoon]

It all depends on public opinion. If people will believe that investing in crypto right now is a safe harbour -- there will be a significant pump to main cryptos. At least it's more likely that people will hold, since they won't need to exchange to cover daily expenses.

[415jeremy]

Some crypto influencers said they were going to spend their trumpbucks on cryptocurrency investments, but I'm not sure that it will lead to real bull run. Halving will affect the market more.

[AmoreJaz]

Direct deposit stimulus money started on the week on April 13th, paper checks go out April 24th. Each person in the USA who qualifies will get about $1200.

I noticed an uptick on the BTC graph (Apr 16th) after the direct deposit date. I am guessing the panic selling Covid-19 is over and the price will just go up now especially with people getting free money.

That uptick was probably because the stock market spiked upwards, not because people put stimulus money into BTC. I'm sure a few people did, I just don't think it was a big factor.

There has apparently been more stimulus money spent on food than anything else: https://www.usatoday.com/story/money/2020/04/15/coronavirus-stimulus-checks-used-pay-back-friends-buy-food-and-gas/5136304002/

I also expect a lot of people are saving it to pay rent next month, or back rent for April.

Combine this with the world getting out of lockdown at maybe the end of this month (April) and maybe we are due for a massive bull run?

My thoughts on that:

With BTC following the stock market so closely, these factors may become relevant:

• The crude oil market is a dumpster fire, down another 19% on the weekly open and below $15 a barrel now. Much more damage than this and the heavily leveraged US oil industry is going to shutter, or require a quick (and large) bailout.
• Earnings season is here: Earnings are set for their biggest dive since late 2009 — and it gets worse from here
• I have a nagging suspicion that economic and social restrictions are being relaxed too soon, and we'll see a second wave of infections sooner than the market expects.

same thoughts here. i dont think many people will invest on crypto in this pandemic. they will secure first their basic needs for at least couple of months. the future is still hazy to most of us.

[Wexnident]

Stop trying to boost the stimulus check as a reason for the increases in BTC price. It isn't reasonable tbh. Yes, there are a lot of talks about idiots rallying outside their houses saying the Covid-19 news is a lie, but really, a lot more people are sensible than them and would probably spend the stimulus checks on things they'd actually require to survive ( not saying that those who traded where those people in the rallies). Look it up, various news sites are announcing what people are using their stimulus checks on. @extasies source is one and it's honestly not that hard to find.

[Sadlife]

This shows how corrupt the banking system truly is, you cannot print money and assign value to it to buy stocks, treasures and assets and hand it out as stimulus checks. This is like stealing in broad daylight but people such as Institutional, stock investor doesn't realize that. If the Fed continues their criminal act then the most likely scenario, investors would start to convert to other safe haven asset such as Gold or precious metals or even Bitcoin.

[20kevin20]

Theoretically, as more money enters the market, its value grows. But this one is different and I'm really wondering what the consequences of this free money giveaway will be.

There are two things going on:
 1. USD will lose its purchasing power
 2. BTC will have new investors with out-of-nowhere printed USD.

What happens if we combine the two? The purchasing power loss of USD leads to an increase in BTC, right? Just like gold booms when a recessions is coming in for the same reason. So let's say BTC goes from $7k to $10k due to purchasing power loss. When new USD is printed out of nowhere and given to American citizens, those who will use the stimulus checks for BTC purchases will add value to BTC. Let's say BTC now grows from $10k to $13k.

Am I missing something? If this happened infinitely and we printed money out of nowhere continuously, would that make BTC extremely valuable or am I missing something..?

[Lucius]

It may be a little ridiculous that the whole crypto world has started spinning over whether US stimulus checks will inflate the BTC price, as if $2 trillion would automatically go to BTC. According to some research, 80% of Americans have reportedly heard of BTC, while about 6.2% own it (probably in their Coinbase accounts).

Well, if we consider that there are 330 million Americans and that 6.2% is roughly 20 million times $1200 = $24 billion. It is a big money, but as I write few times, many Americans will not receive checks because there are various restrictions, it is not about sharing money without criteria.

Since there is already an open thread on a similar topic I have found at least one American who publicly admits that he has invested the entire amount in BTC

I moved the entire 1200 to coinbase pro. Just waiting on money to clear. I will put everything on BTC. it's free money why not gamble with it.

[The Sceptical Chymist]

That being said, I'm sure a vast majority of the money would be spent on essentials.

That might be true, but think of how many stimulus checks actually went out (I don't know the number, but with everyone getting one it has to be huge).  I have no doubt that quite a few recipients did indeed spend theirs on bitcoin or some other crypto.  And this is the US we're talking about, where tons of people live well beyond their means with credit card and other debt weighing them down.

It may be a little ridiculous that the whole crypto world has started spinning over whether US stimulus checks will inflate the BTC price, as if $2 trillion would automatically go to BTC. According to some research, 80% of Americans have reportedly heard of BTC, while about 6.2% own it (probably in their Coinbase accounts).

Again, those stats may well be correct, but with bitcoin's market cap where it is how much collective buying would have to take place in order to spike the price just a little?  I don't have the answer to that either, but I think the free money did have an effect.

[stompix]

It may be a little ridiculous that the whole crypto world has started spinning over whether US stimulus checks will inflate the BTC price, as if $2 trillion would automatically go to BTC. According to some research, 80% of Americans have reportedly heard of BTC, while about 6.2% own it (probably in their Coinbase accounts).

I'm skeptical of those numbers and Coinradar can claim anything they want, nobody is looking how and if they have conducted that survey at all. And of course, those BTC would have to be in their Coinbase accounts otherwise we don't have enough addresses with a balance to fit those numbers, and that only with the US.

That aside, people who pray for this bull run are thinking Americans that don't have bitcoin yet will rush to buy and invest.
Of course, this theory has flaws of its own but, people need something right now..anything!
Anyhow, the price will tell if we have something going on, but right now is not really showing anything like that.

Since there is already an open thread on a similar topic I have found at least one American who publicly admits that he has invested the entire amount in BTC

I moved the entire 1200 to coinbase pro. Just waiting on money to clear. I will put everything on BTC. it's free money why not gamble with it.

Hmmm...your American is a little too much Française 

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[Lucius]

Again, those stats may well be correct, but with bitcoin's market cap where it is how much collective buying would have to take place in order to spike the price just a little?  I don't have the answer to that either, but I think the free money did have an effect.

It all comes down to the question of whether that money could cause the price of BTC to go up? I personally do not see any significant increase, the crypto market has simply recovered from a sharp decline just like the stock market. We can also ask the question "what percentage of Americans will invest their money in stocks or maybe in gold?"

I will not completely neglect the effect that such a move by the US authorities has not only on the economy, but also as a psychological effect. The situation is a little different in Europe, the term stimulus package is more used here, which generally does not go to the way that ordinary people receive direct financial assistance, but more on "moratorium on mortgage payments for people adversely affected by the COVID-19 crisis+stop evictions and guarantee water, electricity and internet to vulnerable households."

I also can't say how much money needs to be pumped into the crypto market for a major change to happen, but at this point it seems that supply and demand are fairly balanced, which is consequently reflected in the price.

Hmmm...your American is a little too much Française 

In this case, we can conclude that there is no one who has admitted it publicly (at least not in the forum). Could it be a Frenchman who moved to the US, or maybe a Canadian who went in the same direction? Or maybe France is giving same amount of money

[Yatsan]

That being said, I'm sure a vast majority of the money would be spent on essentials.

That might be true, but think of how many stimulus checks actually went out (I don't know the number, but with everyone getting one it has to be huge).  I have no doubt that quite a few recipients did indeed spend theirs on bitcoin or some other crypto.  And this is the US we're talking about, where tons of people live well beyond their means with credit card and other debt weighing them down.

Stimulus checks has been out since last week, so if it is an another reason for the bitcoin to increase then we should be seeing a massive market movement right now but lets turn off this scenario. Stimulus checks is amounting $$,200, if you convert it to your local currency then you might find that the stimulus check is quite big, actually it is bigger than what we are getting with ours as a relief. After reading of some articles about stimulus, there are 150 million residents that might qualify for the stimulus check that has been distributed, so if we put that on calculation, that's a $180 billion. woah.

It may be a little ridiculous that the whole crypto world has started spinning over whether US stimulus checks will inflate the BTC price, as if $2 trillion would automatically go to BTC. According to some research, 80% of Americans have reportedly heard of BTC, while about 6.2% own it (probably in their Coinbase accounts).

Again, those stats may well be correct, but with bitcoin's market cap where it is how much collective buying would have to take place in order to spike the price just a little?  I don't have the answer to that either, but I think the free money did have an effect.

It's not quite safe to assume that we are going to have a bounce because of this, even a billion dollars put in the market can make a huge pump.

[stompix]

I also can't say how much money needs to be pumped into the crypto market for a major change to happen, but at this point it seems that supply and demand are fairly balanced, which is consequently reflected in the price.

And here you've touched an important aspect, current supply and demand.

What we know is that coins keep getting awarded at nearly the same speed (8% faster for this epoch but not that important) and that some assume those checks will drive up demand temporarily since CB posted that tweet.

But, what do we know about the previous demand, is it still there? We still need somebody to buy a part of those newly minted coins (worth around 10k stimulus checks per day) and we still need somebody to buy the usual people cashing out. Is the normal demand still there? Is the selling pressure the same?
Maybe the balance is there but it's mainly because everything has dropped to a standstill, with only a tiny fraction of investment and people clinging to their coins. (forget the volume, we all know it's faked beyond pornstar levels).
In this case, a large influx of money would do far more than previously, but..it's all speculation.

In this case, we can conclude that there is no one who has admitted it publicly (at least not in the forum). Could it be a Frenchman who moved to the US, or maybe a Canadian who went in the same direction? Or maybe France is giving same amount of money

Or, il est un peu d'un troll, un peu trop beaucoup  
Probably the guys at the WO have done so and if they haven't then...we're doomed!!! No bull run!!
Oh, and till now, I've never heard of any country doing the same in the EU, free money for everybody, unconditionally.

[dothebeats]

More like toilet paper price hikes

Kidding aside, there's a huge possibility that Americans would look into bitcoin for hedge on the stimulus aid that they received since I'm pretty sure a large portion of the American population still has the ability to buy essential supplies for their households. There is still a large portion of the US that remain unaffected by this crisis, and perhaps those same states would represent a huge volume of BTC/gold/whatever buyers using the stimulus fund.

It will also boil down to the current available market supply of bitcoin vs the actual demand, which is quite the same on both fronts as of late. Also, it is not safe to assume that every American who received the stimulus fund are going to invest it on BTC. Heck, perhaps a good percentage of those invested it on gaming consoles that resells for a much higher price, especially in the US amid the pandemic. There literally are different avenues to which the free money can go. It might cause a bump on the price of bitcoin but not hard enough to cause a bull run.

[fabiorem]

Not going to happen, as people are being prevented from working by the modern STATE, so they need the money to buy food and pay their rents. They are not going to put this money into a risky asset which falls 60% overnight.

[cafetools]

Some people who dont really need the money are the only candidates for investment i agree.

There are 3 things that are happening at the EXACT same time that could drive up the price:

1. Stimulus checks
2. Bitcoin halving reduction event
3. Corona virus lockdown being lifted soon

[Lucius]

And here you've touched an important aspect, current supply and demand.
What we know is that coins keep getting awarded at nearly the same speed (8% faster for this epoch but not that important) and that some assume those checks will drive up demand temporarily since CB posted that tweet.

These are all very sensitive issues, but it is difficult or almost impossible to come up with concrete data that could explain what is actually going on in the background. All crypto exchanges fake some % of their trading volumes, to attract as many traders as possible, of course displaying excellent liquidity. But luckily in a little less than a month, halving will reduce the mining prize, which is an indisputable fact. Still, the question is how much fresh mined coins have an impact on the market, current 1800 BTC per day is just $12 600 000, which is almost insignificant for the total amount of day trading (by CMC $37+ billion).

Oh, and till now, I've never heard of any country doing the same in the EU, free money for everybody, unconditionally.

I heard that Serbia is planning to do that, "100 EUR for each adult Serbian citizen", and it is possible that some other countries will do something similar. So if a plan with USA stimulus checks fails, we have a backup plan

[exstasie]

Oh, and till now, I've never heard of any country doing the same in the EU, free money for everybody, unconditionally.

I heard that Serbia is planning to do that, "100 EUR for each adult Serbian citizen", and it is possible that some other countries will do something similar. So if a plan with USA stimulus checks fails, we have a backup plan

Don't worry, I'm pretty sure there is yet another backup plan: a second round of stimulus checks in the US. When Is the Next Round of Stimulus Checks Going Out?

Trump: "We could very well do a second round of direct [payments]. It is absolutely under serious consideration."

There is even talk of a monthly stipend but that seems a little crazy. I could see another $1K-$2K check being sent directly to consumers though, since current modelling shows it won't be safe to even partially reopen most states until mid-May to mid-June.

Whether stimulus recipients will be buying BTC with it? Not sure, but if the markets take another big dive, stimulus checks definitely won't stop the BTC market from bleeding.

[thesmallgod]

Analysis also suggest a lot of united state folks are using their stimulus package to buy crypto via coinbase. Coin telegraph also report the same new. It seems everyone is waiting to take advantage of the halving and double their money in due cost. Hopefully the current trend in the price of bitcoin will proof this by 24th when people receive another stimulus package

[bitgolden]

If it is used for crypto purchases that could be correct but at the same time the stimulus checks were given out so people wouldn't starve to death, we are talking about 10+ million fired people right now during this pandemic and these companies cutting costs in form of firing people will eventually hire a lot of them back as well and just trying to both get a profit thanks to lesser costs and also they got a huge stimulus check as well which means these people who have been fired and using that money to buy stuff that they will need to survive will not think about crypto all that much.

At the end of the day this is a stimulus check and it should be used to stimulize the economy as well, buy from people who will use your money to buy from others and basically market will continue to churn.

[Lucius]

Don't worry, I'm pretty sure there is yet another backup plan: a second round of stimulus checks in the US. When Is the Next Round of Stimulus Checks Going Out?
Trump: "We could very well do a second round of direct [payments]. It is absolutely under serious consideration."

Good thing you posted the link, I almost didn't believe there were any plans to divide more money than already shared. While I don't mind helping people, especially those who need it most, I wonder how it will affect the US economy in the long run, given that they are not in an enviable financial situation. It seems to me like Trump is buying votes in the next presidential election with state money, because who after this will not vote for him?

One thing is for sure, those who print money and checks will certainly not lose their jobs, a lot of overtime is waiting for them.

[gleisson05]

Stimulus checks will definitely add to the eventual bull run but this is not the only reason for that.
People are getting disappointed in the global system and turning to crypto as something reliable.
I didn't manage to find decent statistics illustrating my thought but I know for sure that tons of nocoiners have come to crypto recently.

[exstasie]

Don't worry, I'm pretty sure there is yet another backup plan: a second round of stimulus checks in the US. When Is the Next Round of Stimulus Checks Going Out?
Trump: "We could very well do a second round of direct [payments]. It is absolutely under serious consideration."

Good thing you posted the link, I almost didn't believe there were any plans to divide more money than already shared. While I don't mind helping people, especially those who need it most, I wonder how it will affect the US economy in the long run, given that they are not in an enviable financial situation. It seems to me like Trump is buying votes in the next presidential election with state money, because who after this will not vote for him?

The Senate just passed another corona virus relief bill, extending small business payroll protections and hospital relief. It's widely expected the next relief bill after that will be much more comprehensive. I think it will probably include a second round of stimulus payments but nobody knows at this point. Senate Republicans are starting to push back on the amount of public spending.

Trump is now openly pushing for an oil bailout now too. Voters will hate him for that. So yes I think he's happy to sign off on direct stimulus payments as a quid quo pro to keep the public on his side. Give the masses a handout and they'll look the other way at the obvious crony capitalism.

[stompix]

Oh, and till now, I've never heard of any country doing the same in the EU, free money for everybody, unconditionally.

I heard that Serbia is planning to do that, "100 EUR for each adult Serbian citizen", and it is possible that some other countries will do something similar. So if a plan with USA stimulus checks fails, we have a backup plan

Well, they are not part of the EU and probably they will have to do all by themselves, but still, 100 euros per citizen?
They could have put some restrictions for the ones that really don't care about 100E and doubled the sum for the ones that really need that money. Even with their cheaper prices and obvious lower income than their neighbors, 100E still sounds like throwing bread crumbs.

It seems to me like Trump is buying votes in the next presidential election with state money, because who after this will not vote for him?

No, you're mistaken...he's just putting his name on the checks to make them look better!  

But it doesn't always work like that, fortunately for us.
There are some cases in which populist parties, even after throwing money at every social category have experienced disastrous results because of their lack of reforms and their dirty business, eastern Europe is like a breeding ground for such things.
Anyhow, it was about time the US learns what 101% populism and -1% real plans lead to, although I believe it's not going to be Trump the one in charge when the fallout from his agenda strat, somebody will be unlucky enough to win one 4 years holiday to CleantheMess Resort.

[el kaka22]

There definitely needs to be another one because people can't survive this with just 1200 dollars at all, they are basically over already and it just got here, during May month I am sure they will figure out something again, the trick is if they give it to companies as well they are not going to have that much money to begin with.

If you just give out to people we are talking about 200-300 billion dollars at most, when you give it to everyone it becomes over 2 trillion dollars, so if you only keep it at individuals only we are talking about 2 trillion dollars going for another 4 months or so at the very least, probably as long as 2021 as well but I doubt this will continue that much. However if you do it 2 trillion each time you can only do it one more time then it will become impossible to continue.

[cafetools]

BTC price did spike up to $7760! Wow, definitley a bullish sign that could generate more interest from potential investors. We need to get that FOMO vibe going that makes people think they need to invest in BTC NOW so they can make a bunch of money to help with bills etc. during this Covid-19 crisis.

[cafetools]

An author for Forbes used the words perfect storm in this article! Coincidence or did he read this thread lol?!?!?

-------

Bitcoin prices climbed nearly 8% in an hour today, rising in value as they were bolstered by a range of bullish factors.

The world’s most prominent digital currency was driven higher by “a perfect storm,” according to market analyst Denis Vinokourov.

“A combination of positive network fundamentals in the form of mining difficulty adjustment and a strong showing by the hashrate since correcting lower in March, together with technical price formation above 50DMA and aggressive stop loss hunting through $7,500, sent Bitcoin soaring all the way to $7,800 level,” said Vinokourov, head of research for London-based digital asset firm Bequant.

Other market observers agreed, noting that multiple price drivers helped fuel bitcoin’s gains.

[hatshepsut93]

Crypto news sites love to create a narrative for explaining the recent price movements, and most of the time they are entirely wrong. In the past it has often been some global instability or some economic news, today it's the stimulus checks. One thing in common is that these articles never provide any good evidence, it's always just a conjecture coming from the writer, there's no quality data or research to back any of it up, it's just talk.

[Reid]

Could this really be the reason into why we are looking at a bull run now.

I guess people in US are now calm about the Covid-19 pandemic if they could afford to use that stimulus check to buy bitcoin.
It might have been taking long for the virus to be cured but it is still there.
The panic is still outside with people buying more stuffs than what they really needed.

There may be exact amounts which cointelegraph says but it may be people who had been ready in this kind of situation only.

[aditasetia123]

BTC price did spike up to $7760! Wow, definitley a bullish sign that could generate more interest from potential investors. We need to get that FOMO vibe going that makes people think they need to invest in BTC NOW so they can make a bunch of money to help with bills etc. during this Covid-19 crisis.

its good sign for cryptocurrency market now while bitcoin price could hit $7760, and maybe halving moment and covid  19 crisis could be main triger why investors should put their money in bitcoin. but we should not overconfidence this is confirmed as bullish trend, i still see key resistance on around 8200 . if price failed to break it , i worry we will back to current low.

[Lucius]

Well, they are not part of the EU and probably they will have to do all by themselves, but still, 100 euros per citizen?

They are not yet EU members, but there is no doubt that in the coming years they will become, because it is a strategic interest of EU & USA in order to reduce Russia's influence in this part of Europe. As far as money is concerned, their allies Russia and China are giving everything they need at the moment, and from what I see in the news, pictures of the Chinese prime minister or president are everywhere in a sign of gratitude.

No, you're mistaken...he's just putting his name on the checks to make them look better!  

Regardless of how people react and whether it is a populist measure, I don't think Trump has a serious counter-candidate who can win the next presidential election. However, American political cuisine always surprises the world, it might be time to see the first US president from the Chinese minority, which would certainly contribute to better relations between China and the USA

Crypto news sites love to create a narrative for explaining the recent price movements, and most of the time they are entirely wrong.

Maybe it's time to start writing more about halving, because I think it has the biggest effect on the price increase (in the short term, of course). A lot of people don't understand halving at all and hope that the price will skyrocket and now may be the time to invest for quick profit. Considering the past 2 halving events this was not the case, but we are in a specific socio-economic situation, so no option should be ruled out.

[Kasabus]

BTC price did spike up to $7760! Wow, definitley a bullish sign that could generate more interest from potential investors. We need to get that FOMO vibe going that makes people think they need to invest in BTC NOW so they can make a bunch of money to help with bills etc. during this Covid-19 crisis.

I don't think investing right now is their first priority. Bull run may happen but it will never take place immediately right after this pandemic ends. Bitcoin halving is set on may but it might be a bit late  and it will only be possible once people are already done with spending their bitcoins or fiat for their own needs.