COVID-19 Vaccine Will Cause Bitcoin Crash

[zasad@]

Experts say that the price of bitcoin is highly correlated with the price of gold and the S&P 500 index.
By the same logic, we can say that the bitcoin price will move behind these indices. There are a lot of bubbles in the financial market now and the prices of companies do not correspond to reality.
According to some opinions, the situation due to the pandemic is now much worse than at the beginning of the year.
I am waiting for new restrictions and new falls in the market.

[1715697706]

1715697706

[1715697706]

1715697706

[1715697706]

1715697706

[Yatsan]

We are still even clueless of what will be the effect of the discovery of the covid-19 vaccine for the first place, up to this moment there are still held clinical trials across different nation so there is still no proven vaccine among those discovered vaccine up to this point of time. We are still not sure that the presence of the vaccine would do a crash on Bitcoin for the modern technology now become a part of people daily life basis and ordinary people have already treated crypto market to be their safe haven for the fact that on the current situation, the devastating damage was directly on the stock market so for sure that while there is no assurance for the cure of proven vaccine to end up the pandemic, people will still remain into the side of their investment into Bitcoin and they will get used to it for quite some time since it has been already a couple of months that the stock market is struggling. It would still take time for the discovery of the vaccine so it is not our concern for now and for sure people would take into consideration keeping their investments in Bitcoin for they have already testified the importance of engagement into crypto market now that the stock marker is seriously affected by this pandemic. They would surely keep an assurance to have both investments on stock and crypto market so that they have something up to if ever another crisis like this would happen.

[Cryptoreflector_666]

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.

I agree, most likely there will be a fall, but not complete death. People in critical moments usually turn to more familiar and familiar tools, and therefore more reliable for them. Bitcoin and cryptocurrencies in General are not yet such a tool (except for some units). Perhaps this will change in the near future with the growth of the digital world, but it is too early to guess.

[wack slacker]

I disagree with his argument. If Bitcoin has helped people weather the pandemic then why not accumulate more to prevent a similar event. For example, natural disasters, floods, earthquakes, tsunamis ...
Bitcoin is doing a great job of holding value and transferring money, and it will continue to do so. Companies are eyeing bitcoin right now, and some have bought bitcoins in reserve for their funds.

[btc78]

"Crash" is not appropriate i think?but will Dump i guess,In march when the pandemic was started to be labeled,Crypto dumped badly but only for specific days or week then after gain again and reached the highest we have since 2019.

So for me,after the vaccine proves to be successful ,the market will play low for a while but surely recovered in the next weeks or month.

[rexxarofmoknathal]

Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".

I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.

That's along the lines of my thinking. I don't see BTC being much affected by the halt of the pandemic. The market isn't that neatly tided to that economy as most people who invested in this market are unlikely to want to take their money out to pour into investments outside of crypto. While there  might be a small dip the market is unlikely to crush but undoubtedly there will be a small downtrend.

[Alucard1]

I don't think that the COVID-19 Vaccine will make the bitcoin crash because as what we all know the price of the bitcoin falls up to $3900 before when the pandemic started but it recovers so quick and stays for long weeks with$6-8k and it pumped up to $13000 it all happens while the pandemic is still there, my point here is that even though the vaccine is there and the people will invest in stock it won't still affect the price of the bitcoin, it won't make it low because there are so many people who are investing and trading in bitcoin with all their trust.

[coolcoinz]

This is a completely baseless assumption. There's no data that would suggest the vaccine would have an effect on Bitcoin. Also, it will take years before a successfully tested vaccine is distributed around the world. By that time most of us will have gone through it and become immune at least until it mutates into a new strain.

[gabbie2010]

I have confidence that the COVID-19 vaccine will not make Bitcoin crash, because there is no reason Bitcoin holders sell all their Bitcoin,
when the vaccine was found. It is true that there is a possibility that Bitcoin holders will return to investing in stocks, if the vaccine is proven.
But all Bitcoin will not be transferred to stocks, so it will not make Bitcoin crash. Bitcoin has only experienced a deep decline, and it won't
take long, either. Because there must be some whales who take advantage of the decline in Bitcoin to buy Bitcoin. So this can make the Bitcoin
price go up again.

Your comment is on point I don't subscribe to the notion that COVID-19 vaccine will result to crash in the price of bitcoin, although investors sentiments will change i.e diversion of investment from cryptos to other sectors however price of bitcoin had always defies any form of analysis that is based on sentiments even in this pandemic period many people had lost their jobs and a lot of businesses had closed down despite that bitcoin still waxes stronger.
COVID-19 vaccine will open up business and jobs will be created things will go back to normal hence I foresee more bitcoin investors invariably its price climbing I don't think there is any cause for any alarm invest wisely.

[Polcrack]

Blockchain and Bitcoin are hear for stay, Covid-19 just  sped up adoption. In my opinion.

[erikoy]

Blockchain and Bitcoin are hear for stay, Covid-19 just  sped up adoption. In my opinion.

Maybe, I thought that bitcoin will going to fall in market as like what happen to the establishment outside. More and more establishment are closing but bitcoin remain strong. This is why I had said maybe for it could be possible that due to covid19 bitcoin adaptation had grown. Since most of the transactions now are online and bitcoin comes in that made possible to make bitcoin market stronger.

[cheezcarls]

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/

Can anyone tell me what COVID-19 vaccine had to do with Bitcoin's price? To me, there are several factors behind Bitcoin's price pump and dump. I honestly think that Bitcoin's price surge is not because of the COVID-19 pandemic. We can't even predict Bitcoin on when it's going to pump or crash because the market's so unpredictable. We just have to equip ourselves with proper risk management and our emotions must be stronger through a different perspective in case the market goes down.

[k@suy]

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/

Can anyone tell me what COVID-19 vaccine had to do with Bitcoin's price? To me, there are several factors behind Bitcoin's price pump and dump. I honestly think that Bitcoin's price surge is not because of the COVID-19 pandemic. We can't even predict Bitcoin on when it's going to pump or crash because the market's so unpredictable. We just have to equip ourselves with proper risk management and our emotions must be stronger through a different perspective in case the market goes down.

I think when the vaccine is out in the market already, it will definitely affect the bitcoin's price because we all know that a lot of people has been infected of covid 19 and we are suffering for almost a year with this pandemic and for sure a lot of people will buy the vaccine to cure their shelves or their family.

[sarmrakib]

I thin Bitcoin will not crash cause if any vaccine proven in human body people will not sell his coin to buy bitcoin .If any vaccine proven then it will be need to low cost or WHO will manage to give it with low of cost globally either this vaccine will not be proven to use largely.

[panganib999]

I think with the current covid-19 pandemic that we are experiencing right  now that causes the severe damage on different sectors and massively affects the stock market compared to crypto market that have not directly affected by the situation, Bitcoin all along with the whole crypto market have proven its worth already and testified itself to the public about its importance at times like this. Even if the vaccine that will end this pandemic will soon to be found, I think Bitcoin will not crash to think that people have already become familiar and used to it for it become their companion at months that the world is suffering on the negative effects that the pandemic have brought to us. People have already realized and recognized Bitcoin's worth and surely they will still stay if ever the stock market recovers and stabilizes. They would might consider having investment at both stock market and crypto market for assurance if ever something like this pandemic would arise for the fact that people are always learning and preparing so that the same crisis will be lessen the possibility to make happen again.

[Gozie51]

I have made an article about what the code of coronavirus vaccine will be before on politics and society board.

5. How much will it cost?
While billions of dollars are being invested in vaccine development, millions more are being pledged to buy and supply the vaccine. Prices per dose depend on the type of vaccine, the manufacturer and the number of doses ordered. Pharmaceutical company Moderna, for example, is reportedly selling access to its potential vaccine at between $32 and $37 a dose (£24 to £28). AstraZeneca, on the other hand has said it will supply its vaccine "at cost" - or a few dollars per dose - during the pandemic. The Serum Institute of India (SSI), the world's largest vaccine manufacturer by volume, is being backed by $150m from Gavi and the Bill & Melinda Gates Foundation to make and deliver up to 100 million doses of the successful Covid-19 vaccines for India and low- and middle-income countries. They say the ceiling price will be $3 (£2.28) a dose. But patients receiving the vaccine are unlikely to be charged in most cases. In the UK, mass distribution will be via the NHS health service. Student doctors and nurses, dentists and vets could be trained to back up existing NHS staff in administering the jab en masse. Consultation is currently under way. Other countries, such as Australia, have said they will offer free doses to their population. People receiving vaccines via humanitarian organisations - a vital cog in the global distribution wheel - will not be charged. In the US, while the shot might be free, healthcare professionals could charge for administering the jab - leaving uninsured Americans possibly facing a vaccine bill.

People are not ready to even use the vaccine not to talk of buying it. With time, the vaccine will be free or have low cost. Do not think that people will take from their bitcoin to buy the vaccine too, and if there is, it will be negligible compared to bitcoin marketcap. Do not reason the vaccine will have any effect at all, imo.

I also don't see much effect happening with the vaccine if the world has not crashed till this time. For about a year the world has suffered and survived living with it, yet no vaccine. I guess the money spent on getting the vaccine will be more avenue for some to keep enriching their selves more.

[MFahad]

Popular author Robert Kiyosaki claims that Bitcoin (BTC) will "crash" when the world finds an effective coronavirus vaccine.

https://twitter.com/theRealKiyosaki/status/1305930263482871808

" What happens when vaccine is proven?  Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations.  Gold silver Bitcoin best investments long term."


https://www.usdebtclock.org/

Bitcoin will not crash when there will be a successful announcement and launch of covid 19 vaccine. I think bitcoin will further move up at that time. This will be a good news and it will confirm that we are back to normal life. I think more people will invest when this news come out and Bitcoin, gold and stock market will flourish more with this good news.

[grabpopcorn536]

I don't because corporations are now paying more attention to bitcoin after the pandemic, and so are everyone.
Currently, the bitcoin mining hashrate is at an all-time high. Miners will not let bitcoins fall in price because that means losses.
I don't believe bitcoin will depreciate after the pandemic.

[Vishnu.Reang]

OP is saying in his post that the ballooning US federal debt is a big problem. When that is the case, how do you expect the bullion and cryptocurrency prices to crash once we have an effective vaccine? And another thing is that none of the potential vaccines have completed their phase III trials. So we are at least 6 months away from a vaccine being available in the market and mass vaccination will take another 1-1.5 years. 

[Nellayar]

We can`t really predict what happens in bitcoin when vaccine will launch all over the world. It may be an open opportunity to use bitcoin as means of payment and it might turn on also to other investors in companies or corporations again as preparation for slow development and recovery. We don`t know aside from it makes a great impact with the price in regards with crypto or stocks.

I don't because corporations are now paying more attention to bitcoin after the pandemic, and so are everyone.
Currently, the bitcoin mining hashrate is at an all-time high. Miners will not let bitcoins fall in price because that means losses.
I don't believe bitcoin will depreciate after the pandemic.

Bitcoin mining hashrate does not yet affected much the price of bitcoin. Miners cannot also dictate the price of bitcoin rather than the market players who control the price. Yes, it might not depreciate much after this pandemic, but we just be ready when it will happen.