Will the cure of COVID or CBDC BOOST BITCOINs price this year 2020

[pixie85]

I don't think that it was Covid that made it fall in the first place. It was rather that border shutdown by the US and the EU followed by a stock market crash that started a panic on Bitcoin.

It's all fine though. Many people have pointed out that Bitcoin remained strong and recovered faster than stocks which shows that it could become untethered from traditional markets pretty much like gold already is.

I don't think that it's news about the cure that are making it pump right now. To me it's more about the halving.

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[Baofeng]

it is very likely due to the influence of warm weather, which suggests that with the arrival of winter the virus may become much more active again.

warm weather may help a tiny bit but there is no evidence of it being able to reduce the effects of this virus yet. the only reason why the situation is improving in any area is first and foremost because people are more aware now and they are following the basic guidelines to stop the spread of it (wearing masks, social distancing,...).

Yes, but in any case, there is this what health officials are calling 'second wave', and the thing is it could be worst than the first one.

its been stated now, that during April, if BITCOIN can remain above $7700, we are looking at $8500 as the next stop.

Next stop is is $9k now, we are in in the bullish zone.

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?

It's easier said than done, we haven't found a vaccine and yet the second wave is happening. Definitely, government are looking for CBDC as options, if it can boost contactless payment system around the world then definitely it will have a positive impact.

[Debonaire217]

I don't think there is a concrete relationship of plans from government to associate bitcoin and cryptocurrency to their economic plans after this crisis. Well, they might have before, as a part of precautionary measures to lessen the impact of virus spreading fast through physical fiat money, but doing this after the crisis isn't really a big help to solve the COVID problem but a good start and beginning because it shows an indication of learning how good digital or cryptocurrency is, during times like this. IMO, bitcoin's price will not directly increase after this, as we need to focus on refreshing our resources and economy, I do believe that bitcoin halving after 10 days has a higher chance to impact bitcoin's price.

[maxreish]

Many investors pulled out their crypto investments from the start of the covid crisis. That maybe a reason for the serious dump we had experienced. But did we forget that crypto market is indeed a volatile market? That means the recent pump is just normal and not because they developed a cure or vaccine for covid virus.

I believe it's a preparation for upcoming event this May, so its a correction first before bull run.

[maydna]

We will see many speculations out there about what will happen with bitcoin price, but we don't the truth because prediction will be predictions. It could be a help for bitcoin to boost the price to increase to the highest price or not but one thing that we know that bitcoin price already breaks $7k-$8k and even the price break $9k although right now, bitcoin price still trying to lift the price to break $9k again. Today, the price seems not moves to any low or high price, and it still stays at $8,700-$8,800 level so we might see something in the next weeks.

Approaching the halving, I think the price moves to any price level and that can make us feel confused to determine the good time to enter the market. So we need to be more careful if we want to try to make a profit, and if we think that it is difficult to analyze the market movement, it is better we only watch the market without doing anything.

[rexxarofmoknathal]

I think its difficult to day whether curing these disease will lead to BTC price rise, and the reason I'm saying this is because first as of now we're no way near finding a cure even with collaborations at their fullest we expect a cure in early next year, at the earliest. Second is the economic damage taken as a world and how the recessions will impact buying power - its all economics really.

But the short answer is that it is unlikely curing of these disease will cause a boom in BTC, at least directly anyway but it may have a non-causative link.

[LogitechMouse]

You are comparing 2 thing that doesn't have any relation. Maybe you are saying this because you saw Bitcoin went down too when the global stock market went down.

The global economy's effect is different from the effect from crypto and we saw already that after that huge drop, the crypto market is slowly rising up and we saw it already days ago when Bitcoin went up to $9400. Having a cure on COVID19 will not have that much effect on the price of Bitcoin in my opinion because both of them have no relation at all. Maybe some of the countries will focus first on recovering their economy before focusing on other things unless they will use crypto to boost their economy.

[oleg8791]

Inventing vaccine and possible or even future Bitcoin price surge aren't related events. Will launching CBDCs provoke Bitcoin bull run? I have no idea. CBDC can be considered as cash replacement only. So there is no relation either.

[Sanugarid]

Lets find out after the lockdown if the price will rise but as of now value of the bitcoin is rising so I think it is little effect only to the value.

it's been a week of a good run of price of bitcoin, I've been very skeptical about the halving that will occur next week I just think that it won't be the halving that we used to see back then. Maybe the because of the lockdown that caused the price to increase since people are on their home doing nothing but to look for internet stuffs like bitcoin.

Or maybe it is coincidence that covid19 will happen and the crypto are dumping but don't worry about bitcoin because even there is no covid19 or not it can rise the value or it recover itself I hope I can see again the ath price of the bitcoin this year.

CBDC is going to be a thing this 2020 most probably because of the pandemic. There are a lot of speculation towards the bitcoin price to increase before halving but i don't see it crossing at $14k for now, after halving it will surely dump so hard we may see it below the price resistance we've got last March, maybe in $3K to 3.5K. But I have a strong feeling that the bitcoin will reach another ATH before the 2020 ends, hopefully.

[ecnalubma]

It is unfortunate that the pandemic strikes right before the halving but it seems Bitcoin is still unaffected much by the crisis. It could be a mix market reaction after the halving while most economies are still down. This pandemic will likely change norm in banking services, banks could potentially introduce crypto to their clients.

[coolcoinz]

It is unfortunate that the pandemic strikes right before the halving but it seems Bitcoin is still unaffected much by the crisis. It could be a mix market reaction after the halving while most economies are still down. This pandemic will likely change norm in banking services, banks could potentially introduce crypto to their clients.

It was affected, especially by the restrictions imposed by the governments. We all could witness it drop side by side with the stock market.
I'd rather expect the banking system to push towards cashless transactions because they're easy to trace. Cryptocurrencies are too hard to implement into the system. It would be much cheaper to convince people that their bills are tainted by the virus and should be burned.

[Sadlife]

No one has found out the cure for corona virus and just like in past deadliest pandemics, it should take a year or two to create a vaccine, so worry not about that.
The important thing right now, is banks printing a lot of money devaluing their Fiats this should serve as a wake up call for most people that the monetary system is flawed thus leading Bitcoin to become more popular more than ever because it is scarce.

Surely after this crisis people realize that there are mich more better alternatives.

[davis196]

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?

COVID-19 can't be eliminated completely.All the countries probably could create a cure and a vaccine against COVID-19,but the virus will continue to exist in the nature and it will continue to infect people.
The CBDC topic has been discussed multiple times before and still there's no evidence that any central bank in the world will successfully create a fully functional digital currency.
China will be too busy with their continuing trade war with the USA.Trump is mad because of the corona pandemic and wants to blame China for the virus.I don't think that China will launch a CBDC anytime soon.

[raidarksword]

Covid-19 cure or vaccine cannot be easily be provided hence it requires a clinical trials, maybe 6 - 12 months max is expected for a vaccine to be made. Despite with the epidemic, bitcoin surge to $9000 this week and really did a great job surpassing the expectations despite the crisis we are experiencing right now. I believe that this surge is because of bitcoin-halving next month and with that covid-19 cure is taken out of the context regarding the price surge of bitcoin.

[bitcoin_bob]

BTC price is a subject of speculations. Anything could boost or dump it

[KrisAlex18]

This pandemic virus has been so dangerous to all people around the world because of its easy transmission, so we are all required to stay at home just to prevent the risk of spreading to different people. The things we should do to help our government to kill this is to follow the things they have said.

This pandemic virus has no relation to the price of bitcoin so I do not think that if this pandemic virus has gone the bitcoin will increase. It is not about that because as of now the bitcoin starts increasing because of bitcoin halving and we know that this virus is still existing, there is no strong vaccine yet that can kill the virus, but let us all pray that there would be someone who will going to create it as soon as possible.

[bitbunnny]

The question is if and when the vaccine and cure for COVI-19 will be developed. To my opinion that will take a while.
However if that happens it will certainly lead to normalitazion of whole situation and economy world wide. That might influence the Bitcoin in positive way too but it can't be told with certainty.
Bitcoin market is complex and influenced by many factors and pandemic doesn't influence it directly, so the development of vaccine will not influence it also.

[Lorence.xD]

There is no evidence that the prices of bitcoin in the market coincides with the pandemic and that means that a breakthrough about the corona virus vaccine will not ride the same boat as the fluctuation of price in the market. I can see the angle that you are trying to see, the pandemic affecting people, people can't go to their jobs, businesses can't function without people, with most businesses close economy suffers and then market is affected because economy flow is on halt, cryptocurrencies are part of the market, I get it but it is all just coincidence. But coincidence have been in history for a long time, one good example I could think of is the 1838 novel titled "The Narrative of Arthur Gordon Pym of Nantucket" by Edgar Allan Poe, there is part in the story where a fellow named Richard Parker was eaten by his fellow crewmates because they got shipwrecked and they are going to die of starvation. In 1884, a 17 year old named Richard Parker was killed after the yacht he was on was destroyed on their trip to Australia, he was also killed by the people he was on the yacht with. As you can see it was just a coincidence like what is happening right now but I do not entirely say that all the happenings in cryptocurrency is not affected by the pandemic maybe it is too infinitesimal to mention.

[arwin100]

This pandemic virus has no relation to the price of bitcoin so I do not think that if this pandemic virus has gone the bitcoin will increase. It is not about that because as of now the bitcoin starts increasing because of bitcoin halving and we know that this virus is still existing, there is no strong vaccine yet that can kill the virus, but let us all pray that there would be someone who will going to create it as soon as possible.

Why i think differently about it since if you look on the on the effect of it you will see that the economy is suffering and all people have no work not including with "frontliners" so if no work those medium income people cannot buy bitcoin and if they cannot buy bitcoin then the demand would be lessen so if the demand lessen the price will dump so for this theirs a direct effect with bitcoins also we are dealing on the economy so there's a relation about it since we exchange it with fiat and buy it with fiat.

[CaVO32]

The question is if and when the vaccine and cure for COVI-19 will be developed. To my opinion that will take a while.
However if that happens it will certainly lead to normalitazion of whole situation and economy world wide. That might influence the Bitcoin in positive way too but it can't be told with certainty.
Bitcoin market is complex and influenced by many factors and pandemic doesn't influence it directly, so the development of vaccine will not influence it also.

When the vaccine for this virus has finally developed, bitcoin has gone a long journey already. So at that time, I don't think the impact would be significant. However, as the initial reports stated that the drug remdesivir is showing positive outcome as effective treatment for those severely ill patients, this progress will give positive outlook that we will fight this battle.

https://www.latimes.com/science/story/2020-04-10/remdesivir-looks-promising-in-preliminary-coronavirus-trial

And now, btc is already gaining its momentum and with the halving close by, will be exciting moment for all of us what will happen to bitcoin in the market.