I don't understand whether crypto really played a role during the current pandemic.
when a lot of despair with a lot of closed jobs, maybe looking for income from crypto is a little bit of a solution. but it can't be done easily for people who are new to crypto.
but in reality, when some of the global markets is experiencing decreasing economic problems. but in the crypto market, we can see the start of a rally that actually started when this pandemic began to worry.
It wasn't just people who wanted to get involved with crypto, obviously that played a big role in this but that doesn't mean that it was the only thing that mattered, it just means that we are talking about something that included millions of people who are new to crypto and had a bit of money to invest and that is a good start, that is a good base to build before you skyrocket.
However biggest news came from companies, tesla, elon in general, microstrategy, grayscale, paypal and many others like that started to buy bitcoin in hundreds of millions even in billions of dollars. That impacted the price a lot more not only because they bought, but because at least that much was bought because of the news they bought. That is why we can say that this was a collective deal by people and huge companies to get together and increase the price.