Bitcoin vs covid 19?

[CarnagexD]

Paradoxically, as the world is recovering from the effects of COVID-19 through the help of these vaccines, we are seeing a dump on bitcoin's pricing. Though this can easily be dodged by simply claiming that it is but a baseless correlation, it still puzzles me. Although I could understand that this is because of people trying to return to their normal lives and with that comes the cashing out of coins.

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[Tstar]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

The mass vaccination will start after at least four to six months. EU set the vaccination targets for Sept'21.

Before that, I don't expect any impact on the economy or the crypto industry. It seems that we will spend another summer in staycation and trading, instead of traveling the world :|

[hatshepsut93]

The vaccine news have been priced in for a really long time already, when Pfizer originally announced their vaccine, the stock market reacted positively to it, while Bitcoin wasn't strongly affected, because it already decoupled from traditional markets. Right now there could be some correlation with macroeconomic events, especially coming from the US - for example, the recent correction coincided with strengthening of the US dollar. And fears of inflation have powered this rally to some extent.

[kooboat]

Not entirely  true, the Corona  pandemic  has had a little impact on the crypto  economy. Since last year, when  almost  the whole  world was under  lockdown,  the crypto  maket was  still functioning well without  any difficulties. I can easily forecast  that the situation  would be the same when the vaccine  becomes  readily  available.

[acener]

After the long debate about BTC vs Fiat then BTC vs Gold now we have BTC vs Covid19,
What would be the next competition of BTC I hope it wouldn't be food.
But aren't we suppose to be happy about the vaccine and if the global economic gets better because of it?
If it would affect crypto negatively but give out a possitive effect on global economics and save us from this pandemic then I think it is better that way rather than having a good price in crypto while the world continue to suffer.

[ilhamsugihamin]

In my opinion there is no effect at all, let's see the current situation is still hit by Covid 19 but bitcoin is actually rising rapidly, so in my opinion there is no difference when there is Covid and nothing affects bitcoin.

[rokon1234]

In my opinion,during the Corona period, there was no effect on Bitcoin.Because bitcoin was traded very well at that time.Bitcoin is a virtual currency that's why i think bitcoin given more safety on corona period.Even now the price of Bitcoin is in a very good position so, I don't think Bitcoin has had any effect because of Corona.

[pinggoki]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

I don't think that the bitcoin will have an effect on bitcoin and also I assume that there's no positive nor negative effect on bitcoin because even the covid19 vaccines will establish still no effect on the market, maybe there will be an effect on some financial market but on the crypto? I don't think so that there would be. I don't think that there will be difference on the market when the covid19 hit us or not.

[michellee]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

Affect or not, the vaccines give new hope to people, especially to people who get infected by the virus, and they will think that they can be saved if they get injected from the vaccines. But as we see now, bitcoin price is down, even if the vaccines are already distributed to many countries, but I am sure that bitcoin will have it's the moment to increase. And whether there are people who get infected or not, bitcoin price will increase and make a new ATH in the future. But now, all government trying to solve the Covid-19 using the vaccines, and we hope that the pandemic can end soon.

[amihada]

the covid-19 vaccine has no effect on bitcoin when the pandemic is increasing, the price of bitcoin is getting better, proving that covid-19 has no effect with bitcoin.

[sherryDEFI]

I don't think that covid-19 has much impact on Bitcoin, so even after the introduction of the new crown vaccine, Bitcoin's rise or fall has nothing to do with the epidemic.

[shoreno]

are you comparing the covid vaccine or the covid virus ? but this is something that is new because i usually see a never ending comparison between btc vs gold .

theres only an issue that i dont like because you are comparing two different things but to answer if it affects btc i dont think it will but we are going to feel the same because with the recent reports regarding covid vaccine that is said it was deadly , people arent going to take this seriously .

[Coinsfera]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

It may affect Bitcoin. It is sure that people may want to invest in other financial assets that will flourish after COVID-19. It is inevitable I think. Also if you noticed, yesterday when bitcoin was dipping, other financial indexes were breaking their all-time highs. As you see just during the day people may move to other assets. The price of Bitcoin only depends on the true holders of it. If some new companies add Bitcoin to their portfolio then we can expect that bitcoin stay above $30k and stabilize around that, and when there is a suitable moment it can go bullish again.

[irixo10]

Weaken Bitcoin? That's not going to happen, Covid-19 vaccines is very good as it will bring a good turnaround in the lives of people while transforming economies as well, and with more better economy, people will have better jobs thus having a spare to invest in Bitcoin, in the long run making Bitcoin more valuable. Remember, during the height of Covid-19 last year, it was seen that with people lossing their jobs, staying at home etc, they tend to look for other ways to invest and the crypto space came handy, so instead of staying at home doing nothing, they learnt, therefore with the knowledge gotten, with Covid-19 vaccines out and the economy going back, people will continue with they have learnt and invest in crypto with even better funds as the case may be. Lastly, remember that it was in year where Covid-19 disrupted many country's economy that Bitcoin price rose massively, hence I do not think the emergence of the vaccine will weaken Bitcoin.

[eaLiTy]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

I cannot understand why a stable economy will weaken BTCitcoin, the rally we are witnessing might be because of multiple reasons and even if we has to assume that the vaccines can stabilize the economy in the present situation what you need to understand is that it will take a much longer time to recover from the abyss as the entire country was forced to lock down around the globe and many businesses cease to exist and many fail to recover from the loss and these ripples will affect the overall market situation.

In short the recovery is a long shot and it will take a long time to recover and the rally in BTCitcoin is mainly because of institutional investors who are trying to take advantage of the market situation and you should expect them to book their profits and if that happens we will see a major correction.

[maculeth]

now is a good momentum for bitcoin and crypto to enter the world space because it is still in a pademic state and "at home". If the vaccine is successful and the world returns to normal and the economy returns to normal, it won't make bitcoin fall but I think it will start to be forgotten as people get busy in the real world and of course there are new things. unless bitcoin and crypto make new breakthroughs that will continue to be used by people, vaccines and the new world will have no effect on crypto and bitcoin, it will only increase in terms of use.

[Alucard1]

The covid vaccine has a little impact on the price of the bitcoin, if the vaccine will really be useful then we will get back to the normal, and many people will back on being busy in real life but I don't think that it will happen right away because some so many people don't want to get injected by that kind of virus because of thinking that it ha other effects on other people even though some government keeps on saying that they will vanish all those people who don't want to get injected by the vaccine.

[dupee419]

I honestly don't think it gave out a negative impact, it's a cryptocurrency after all and because of Bitcoin being accessed virtually is a strong factor that COVID cannot touch Bitcoin and the activities, as a matter of fact, the ATH of Bitcoin reached $40k during the pandemic, which means if the vaccine becomes possible, more activities and more opportunities for people to start investing and make a move, which only means that Bitcoin could possible become stronger, although the price may seem to have a drop, I am positive that the next run is near.

[LogitechMouse]

With the recent launch of the Covid 19 vaccines, will it affect bitcoin, I assume that the Covid 19 vaccine will make the economy stabilize again, will this also affect bitcoin?  will bitcoin weaken or vice versa?

TBH, Bitcoin has been used by some of the investors as a hedge tool in order for them to protect their money thus making the price of Bitcoin go up at the middle of the pandemic.

Will it affect the price of Bitcoin?? Probably especially if the economy will go back to normal (new normal) already with the help of those vaccines which are being created as of this moment. Probably that there are some investors who will sell some of their holdings in order for them to buy something and some will just hold it and accumulate more.

[Rosi02]

During this pandemic all human activities have been limited so that the sluggish economy with the launch of this vaccine will make humans have excellent immunity, this will make the door to activity restrictions reopen and return to normal life as usual so that the economy will return to normal  and this will have a positive impact on bitcoin, I think that's what will happen.