COVID-19 Vaccine Will Cause Bitcoin Crash

[bryant.coleman]

There may be a correction in the stock market, because many of the shares have gone up by as much as 100% during the last 6 months. Gold prices also appreciated by around 40%. But Bitcoin was relatively stable. Compared to the prices 6 months ago, the current rates doesn't show much difference. On the other hand, some of the altcoins went up significantly during this period. So if a correction occurs, it is going to be limited to the alts. Bitcoin on the other hand, looks under-priced. We didn't had a spike after the block reward halving in May.

[Asuspawer09]

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.

I totally agree that we cannot predict what could happen when that corona vaccine launched or how it is going to affect the market price of bitcoin.

My opinion here is bitcoin experienced a big dump when the coronavirus exploded around the world and also affected the economy of a lot of countries and also the stocks are down.

When the corona vaccine becomes available around the world for sure its easily going to eliminate coronavirus. Meaning there is no need for a lockdown anymore also jobs and business are going back. It is going to affect the economy and give it back to normal. And I think it is going to potential boost the bitcoin and increases its market price when the vaccine launched.

[suvo05]

No one even knows whether corona is real or a fake thing ( despite of the highest number daily infection rate the situation getting normal in our country. If you watch TV it seems all are going to infected in few days but if you go to the market it seems corona is gone ).  

Let us assume that corona is real, then also no one can assure that the vaccine will come in the future. The work of the vaccine is progress though and Russia has already vaccinated some of their citizens. AS the spread rate is too high it is possible that the countries will achove the hard immunity before the vaccine came. In that case, you question is irrelevant. And if any vaccine comes then there will be some changes in the market and the economy but it is hard to predict what affect it will have in BTC.

[Abiky]

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.

Exactly. This is nothing more than naysayers spreading FUD about Bitcoin across mainstream media. A vaccine could take quite some time before it's launched to the public. A lot of tests need to be made in order to ensure the vaccine is effective against the novel disease. Once it's released, prices might go back to their pre-COVID levels but not to a point where there's a crash on the market. Bitcoin, Gold, and other commodities/assets will experience a slightly reduced demand as Fiat rises to its former glory. It could be a great buying opportunity to grow your investment within turbulent times. Bitcoin will do fine with or without COVID-19 because of its decentralized and censorship-resistant design. As the pioneer cryptocurrency faces a global economic shutdown for the first time in its history, we'll see its level of resiliency throughout time. So far, it's been doing great bouncing back to $12k in price after a month of turbulence. With crypto gaining popularity during these pandemic times, it's expected that Bitcoin will still be in the spotlight even after a vaccine is found.

Nonetheless, it seems to me that Bitcoin will last a lifetime. The fact that it's the most decentralized cryptocurrency in the world with a limited supply, tell us that its price will grow for the foreseeable future. Bitcoin will not crash after a COVID-19 vaccine. Instead, it'll continue to grow at a slow and steady pace as governments and central banks launch CBDCs to the public. The introduction of "Fiat digitalization" will make Bitcoin a true winner in the world's economic landscape. Only those people who don't believe in Bitcoin will say otherwise. Just my thoughts

[Harlot]

You should not believe on the words that is coming out from this man. Kiyosaki has proven to be not the good investor as what he wants us to see he has owned a lot of companies that had went bankrupt and is a well known supporter of Bitcoin, predicting that Bitcoin will fall and following up with some other statements just to make it look real. Kiyosaki has thousands of followers and he is just using it and try to influence the market once this even will happen. That's why don't believe on what he is saying as the FUD behind it will just make it real.

[Bitcoinislife09]

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.

[Abiky]

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.

The vaccine could cause a bloodbath in Bitcoin's prices, but not to a point where Bitcoin will crash all the way to zero. This is largely because the pioneer cryptocurrency has an established foundation over the course of its lifetime. There are a lot of developers, individuals, businesses, and companies supporting Bitcoin today. This will keep money flowing on the market regardless of the current situation of the mainstream economy. It's evident that a vaccine will cause a decline in Bitcoin demand, as Fiat currencies will rise to their former glory. We've already seen this in past pandemics where precious metals and other commodities reached new ATHs as a result of a decaying mainstream economy. The same situation could happen with Bitcoin and other cryptocurrencies after a vaccine for COVID-19 is discovered.

With or without a vaccine, Bitcoin will be here to stay. That's thanks to the decentralized and open source nature of the cryptocurrency. It has been demonstrated that Bitcoin is impervious to negative events in the mainstream world. Positive events will further boost Bitcoin's price on the market. As long as COVID-19 is still a threat, Bitcoin and other cryptocurrencies will experience new gains in price at a fast pace. Even after the demise of COVID-19, it's expected Bitcoin's prices to be a lot higher than what they are right now. The halving and other events will make this happen. So it's safe to say that Bitcoin won't crash anytime soon or at least go to zero because it's too big to fail. Just my opinion

[Wapfika]

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. 

It will take more time before the vaccine release so there is still more things or news that may happen in between. The market seems stable since there are no new news that is circulating. If ever vaccine will release earlier it will not damaged much the price of BTC like how it reacts during the lockdown and quarantine periods of many countries it do drop too much but not in a long time since it recovers faster than stocks and any other investment options.

[bitcoin31]

If the covid-19 proven is effective I don't think so the bitcoin will.crash because we know without pandemic bitcoin can rise its value and we saw how far or how much this coin already reached and compared to the price now it's almost 50 percent difference.

Once we vaccine for covid it's good because people will go back to work again and once they have salary possible tp invest to the cryptocurrency just like today that we have pandemic so people who really want to invest they can't because they don't have work they are prioritizing their needs instead of investing.

[Kasabus]

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.

It's just the same when corona virus was first known, there was a little dump for a while but then bitcoin immediately recovers. So if the vaccine will be finally safe to use, bitcoin might dump same with what you expect but then it will surely recover because people are already making profits fom bitcoin since pandemic has started.

[Xxmodded]

In my opinion, it is going to affect the bitcoin market if the corona vaccine is already launched or if it is already complete. When the coronavirus started in wuhan and spread at some near countries we experience a big dump in the market price of bitcoin and a lot of investors think that it is because of the virus or maybe other issues in bitcoin. Its difficult to know if it is going to affect the market but for me its going to make a big impact in the marketplace we just didn't know if its a positive or negative.

It's just the same when corona virus was first known, there was a little dump for a while but then bitcoin immediately recovers. So if the vaccine will be finally safe to use, bitcoin might dump same with what you expect but then it will surely recover because people are already making profits fom bitcoin since pandemic has started.

Corona virus is the drama and business for many government, looks what happen in my country where allocation money for covid 19 most bigger than the other, in hospital cases many people die will take as covid 19 victim to get business with covid 19. More than six months running keep going on and well their business with covid 19 and get much money, they don't care whit many people when enter to the hospital will claim as covid 19 victim, I don't enough think how long this moment will running when many people don't care with covid 19 because make as business way to get much money for investor, hospital manager and government.

[krishnaverma]

I do not think that bitcoin prices are going to crash followed by Corona vaccine discovery. Small dips might be there but there will not be crash at all.

Also, we are very distant from finding effective Corona vaccine. China has succeeded in its target by affecting the economies of the world with corona and may do similar attempts in near future.

[Darkelf11]

Popular author Robert ~
" 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."
~

These 2 highlighted(bold) texts are the key points of this statement. Predictions that the COVID-19 vaccine will make bitcoin to crash, together with other commodities such as Gold and silver. But then again will make it's way back on reaching moon being said by the last highlighted texts on the quote above. Some might see it as investment opportunity to invest on these assets. Furthermore, I don't get the idea that bitcoin will crash because of the covid-19 vaccines that will be released sooner or later.

[supine]

I don't think that it will really cause Bitcoin crash I also think that it wouldn't have a huge impact in crypto.
It is true that the pandemic has help crypto being recognize by other people and helping them to earn while they are at home but I think even when the pandemic is gone people have a choice if they would stay and support crypto or go back to their old life before they even started earning crypto?
And I think most of them would choose to stay rather than going back to their old life since they could earn extra cash here.

[budi691]

many people think when the covid 19 pandemic the price of bitcoin goes up and when there is a covid19 vaccine the price of bitcoin will go down, I am sure bitcoin will not follow this pandemic Bitcoin may be a little affected by this pandemic but it will not become Bitcoin damaged.

[hahay]

So, has the pandemic problem so far been a fabrication? I'm not really sure because they always associate this pandemic with debt, if it's a huge debt only from a big country whether to cover it by messing up the world with a pandemic. Whether there is a vaccine or not, this world is old and chaotic, so crashes will definitely occur for all existing assets, but I believe that these existing assets will not be lost, even though there will be a crash, but recovery will certainly accompany it too.

[todiefor17]

I don't think that when the vaccine launches, bitcoin will drop in price. During the pandemic, bitcoin has risen significantly in price and it helps to bring good profits. I think they have taken profits between $ 11,000 and $ 12,000. Currently, bitcoin has been stable at above $ 10,000 for the past two months. This would provide strong support for bitcoin to have the next bull run.
Bitcoin was halving, the block reward left only 6.25 Bitcoin. It will be more scarce in the future, and the discount is unlikely.

[Gozie51]

many people think when the covid 19 pandemic the price of bitcoin goes up and when there is a covid19 vaccine the price of bitcoin will go down, I am sure bitcoin will not follow this pandemic Bitcoin may be a little affected by this pandemic but it will not become Bitcoin damaged.

Likewise too, I don't see the relationship with covid-19 vaccine and to the price of bitcoin. I can see relationship with covid-19 palliatives because people can have extra money from government palliative given to them to invest but not vaccine. Therefore, I don't expect any impact should be made because of availability of vaccine.

[Quidat]

many people think when the covid 19 pandemic the price of bitcoin goes up and when there is a covid19 vaccine the price of bitcoin will go down, I am sure bitcoin will not follow this pandemic Bitcoin may be a little affected by this pandemic but it will not become Bitcoin damaged.

Likewise too, I don't see the relationship with covid-19 vaccine and to the price of bitcoin. I can see relationship with covid-19 palliatives because people can have extra money from government palliative given to them to invest but not vaccine. Therefore, I don't expect any impact should be made because of availability of vaccine.

Too dumb to consider that those palliative will be invested to Bitcoin or any other means but well we do know on how humans do make stupid
decisions specially using it up instead on other means.For me I don't really see the correlation of covid vaccine to bitcoins price.Come to think that
even the economic problem that did happen globally haven't really give out some significant impact or just simply shows that any outside events
doesn't really impact nor correlate with its price.So shall we say that its totally independent or cant really be influenced by things on where we do
believe that it can affect.

[Viscore]

No, it is not a thing I have look into and definitely not a reason because people are not buying these vaccines if the government will give it free. Robert Kiyosaki never thinks that those people in poor countries will surely not buy this but rather to keep their immune system strong normally.

If ever there is a market crash it is might because of a FUD, hacking issues, and/or people are converting their crypto to fiat but not the reason that they are buying into the vaccine.