Bitcoin after the pandemic

[BlackHatCoiner]

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

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[mk4]

While the pandemic being over and brick & mortar stores opening up again would definitely be a huge net positive for the markets in general, it's not like going back to normal would undo all the quantitative easing that has occurred.

While going back to normal would definitely affect most US stocks positively, not really sure about bitcoin because some people might fomo back into stocks. Just a rough guess. I ain't selling though, as per usual.

[Oshosondy]

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

People just like to link things to the recent occurrence, the halving and the US election really contribute to the bitcoin price they increased, it has been in that fashion since bitcoin was established, I believe if there is no pandemic, bitcoin would have increased to this extent. Like you said, bitcoin is a deflationary currency, that makes its price increaing as the world are knowing and using it. Is the pandemic the reason institutions are investing, is it the reason recent 2021 trend is resulting while more loan investors also investing? I think the pandemic is not as potent in Bitcoin price increase as people do say. So, expect nothing to happen after the pandemic, but if anything happen, I do not think it is the result of the pandemic, rather than how bitcoin is in which the price increase and decrease over time.

[zanezane]

I would bet that bitcoin will stay the same or a much better outcome is bitcoin will grow more after the pandemic, the people knows that everything they own and know currently are fragile when a disaster like pandemic happens and as OP has said, bitcoin showed that it can help during the pandemic and people will pursue it further because they know that they can benefit from it and I believe that growth is the only possibility for bitcoin after a pandemic.

[Gozie51]

We are almost forgetting halving in hurry. Last year was the halving year and we know how it also happened in 2017. Pandemic had it own positive to the market because of the contact of effected fiat but I think that isn't the case now because reduction of cases and so many means of avoiding the spread including social distance.

Therefore it can't be all reasonable that covid-19 is pushing up the price of the market but big investors are in the market because of the awareness level of decentralized system and blockchain.

[Coyster]

When the pandemic shed it's milk teeth, the expectations all around was that Bitcoin was going to plunge with the traditional institutions/economy, but that wasn't to be the case, BTC started quite an unexpected bull run from last year till now, I call it unexpected cause quite a lot of people believed the halving will have zero effect on the price of Bitcoin cause of the outbreak of the Corona virus, and that it'll prolly remain down till the pandemic is over.

Now that order wasn't to be, with vaccines pretty much ready and things looking set to return to normal, the FUD will surely but come again, as people do not know what to expect now, I think the events of the past year in the Bitcoin network should give more people the balls not to panic or be swayed by FUD. Having said that, I'd not be concerned about the end of pandemic affecting Bitcoin, but rather if institutional Investors will slowly leave the network when normalcy returns, however unlikely that seems.

[danherbias07]

Will we ever go back to that normal kind of living?

IMO, no. There will always be a threat of the same sickness to spread.
People will become wary of their environment or whoever they get near.
The same goes for the future of Bitcoin. They have seen the power of it and understand some parts of it.
Will they stay invested with it? A question that is difficult to answer since we are also unpredictable.
One day we want to support it, the next day we support another.

[Leviathan.007]

After the pandemic and while it being over, the US stocks can rise and the usd price can be increased against gold and some other assets. Because by starting of the pandemic the opposite of this happened. So, by pandemic being over I except to see usd price rising against some asset. Bitcoin is of the this assets, if nothing changes in that time we can have another correction after the pandemic ends. In the other hand, bitcoin was sometimes following the US stocks market, so maybe by increasing the us stocks index we can see bitcoin at higher prices too. However, since we are talking about bitcoin, there any new investors and companies starting to invest on it and this huge demand these can make the price stable even after the pandemic ends.

[hahay]

Bitcoin does not grow only during a pandemic because the growth of bitcoin itself has happened long before the pandemic even existed. So I think bitcoin after the pandemic will certainly be fine, and regardless of the impact I think in this market it has become commonplace for prices to fall so fast and vice versa.
Therefore, I believe bitcoin will do fine and vice versa, I am just worried that this pandemic will not end any time soon. Because from some news that I have found, at least there are still issues about the existence of a new virus and also the spread of the Covid19 virus has not stopped.

[Mauser]

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

In my opinion the end of the pandemic will have positive impacts on crypto world. Once we know the worst is behind us and the recovery is in sight then there should be more capital coming into bitcoins. I would assume that quite a few people are just holding cash these days because they don't know how long the pandemic will last. I remember the empty supermarkets last year. Probably a lot of people hold cash at home.

[Kittygalore]

Bitcoin does not grow only during a pandemic because the growth of bitcoin itself has happened long before the pandemic even existed. So I think bitcoin after the pandemic will certainly be fine, and regardless of the impact I think in this market it has become commonplace for prices to fall so fast and vice versa.
Therefore, I believe bitcoin will do fine and vice versa, I am just worried that this pandemic will not end any time soon.

The growth was slow back when there was no pandemic, there is clearly an effect in the prices when the pandemic hit. I do think that bitcoin will do just fine after the pandemic but I believe that after this, people will realize the importance of bitcoin because they experienced the pandemic and the growth will be more exponential after this.

[Timelord2067]

Unless you can walk into a shop make a selection of goods, go to the counter scan their QR code and pay via Bitcoin (and the transaction is confirmed near instantly as is the case with the Lightning Network), then bitcoin's only real continued attraction will be with the speculative investors with a few thousand/million cash to spare that they don't mind parking for three to six months, then the novelty wears off and dump on the next unsuspecting investor.

[cheezcarls]

I honestly think that pandemic has nothing to do with Bitcoin’s parabolic growth. Financial institutions are the ones who already see the potential of Bitcoin, and that’s why they’ve started buying plus the promising growth of DeFi and NFTs combined.

Whether if we are under pandemic or not, Bitcoin’s adoption and usage would continue to rise no matter what the price would be. Just saying.

[Kakmakr]

The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

I see it like this ....

Ok, before the pandemic, people drank CoCa~Cola every day, but due to the pandemic and challenges with the production of Coca~Cola ...they experimented with other cooldrinks and they found Pepsi ( A lot cheaper and less sugar ) ...so they switched to Pepsi (this is just hypothetical and explanatory and not actually like this)

So what will happen after the pandemic is over and millions of people have "converted" to Pepsi? Do you think they will go back to Coca~cola or will they stay with the (cheaper and more healthy) drink?

Disclaimer : The Coca~cola / Pepsi scenario is far from actual facts, it was just used to explain how "Fiat" vs "Bitcoin" would transition, once the pandemic is finished... I could have used Kodak film and digital cameras as an example, with the same result. 

[BlackHatCoiner]

Ok, before the pandemic, people drank CoCa~Cola every day, but due to the pandemic and challenges with the production of Coca~Cola ...they experimented with other cooldrinks and they found Pepsi ( A lot cheaper and less sugar ) ...so they switched to Pepsi (this is just hypothetical and explanatory and not actually like this)

There is a difference with Bitcoin. The people in your example switched to Pepsi, because they found out that it is better than Coca-Cola. They would switch to pepsi, whether they were on a quarantine or not. On Bitcoin, what made everyone buy it is the trillions that were printed last year. People didn't just wake up and said "Hey look, a safe heaven!". They realized that the dollar was rabidly inflated by a lot!

The pandemic is mostly the cause of those 9 trillions. Thus, it's the cause for Bitcoin price's abrupt increase. But yes I think you're right, even if the pandemic is over, it won't affect Bitcoin that much.

[Note: Pepsi found difficulties with the pandemic too, not just Coca-Cola]

[Sterbens]

. Now I wonder, what will happen to Bitcoin once the pandemic is over?

Maybe from an economic point of view there will indeed be a little change, if the pandemic ends, they will return to the initial round before the pandemic. But are they sure they can leave bitcoin just because the pandemic is over? I disagree when they come only to seek fiat protection from an economic crisis at a time of pandemic, and flee to the home of Bitcoin.
It cannot be denied that there are 2 factors. the first point, bitcoin will be abandoned, or the second point, they fall in love with bitcoin and say "pandemic or not we are very sorry because we did not know bitcoin from the start".

[Vatimins]

     Indeed, the pandemic that brought most of the underdeveloped countries on its knees really did a lot to help spread knowledge about bitcoin and altcoins. This is because, as people lose money from this pandemic, most of these people would clearly search for other alternatives to save and grow their assets or even just to earn money since plenty of people also lost their jobs.

     Now, in regards to the things that may happen to bitcoin and this industry once everything gets back to normal is truly hard to predict. But the way I see it, since bitcoin has already successfully made its self widely know to many people, I think that things going back to normal would have a good effect for bitcoin. Since a lot of crypto projects that were paused due to this pandemic will get to return and continue their pending projects. Plus since knowledge about this industry has already been widely spread all throughout the world, mass adoption will get faster and faster.

[Theb]

You are surely over-crediting the pandemic as the main reason/factor why Bitcoin suddenly became bullish during the start of the outbreak when in fact the bullish period for Bitcoin was long overdue on its market cycle. Let's not forget that during March when the COVID-19 started to affect everyone even Bitcoin was affected together with the stocks and other equities its just that Bitcoin quickly recovered and that is when it gained momentum. The things you are saying right now that people are starting to recognize Bitcoin is just coincidental on the bullish period as this is when new comers starts to buy Bitcoin in order for them to participate, this happened during 2017 and is happening again now.

[orions.belt19]

I feel like the pandemic has made more people conscious of their investments. Not sure if its because of rising inflation, increased unemployment or out of sheer boredom due to being in lockdown but it seems like more people become interested into stocks and crypto. In my circle, a number of which joined in during this pandemic. The GME and r/wallstreetbets fiasco which happened a few months ago also sparked the interest for others, not only into US stocks but for crypto as well (as the members tried to deviate from control of institutions). This has made me think that the pandemic has brought about new users in the cryptospace.

But - I don't see the price of Bitcoin reacting to the end of the pandemic. Only new users flocking especially because of the institutional interests, which is not related to the pandemic.

[Kong Hey Pakboy]

This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.

Pandemic has been rough for everybody, and we find it hard to find solutions especially in the beginning where we all adjust and don't know what to do. Bitcoin has been there for us; it was a choice for us if we're gonna use it or not. In this pandemic, a lot of people have relied on bitcoin and used it for a while now. So if ever everything come's back to normal, I doubt that bitcoin will be affected negatively about it, since bitcoin is not really for the pandemic use only, and I believe a lot of people will realize this.