How would Bitcoin react with another global lockdown?

[LFC_Bitcoin]

It wouldn’t act much differently to the last lockdown. I would hazard a guess that initially it would dump hard, as it always does on bad macro news. Governments would then turn on the money printers to save the economy and Bitcoin would flourish.

Bitcoin is volatile but over a long enough timeframe it is up only tech.

[casey15]

Bitcoin will strive so much in a global lockdown.. in fact it will be a major breaking point to new heights. If the world is to go on a lockdown, we all know that the major means of communication, business transaction e.t.c. will be through the internet and people who would want to make international cash transactions may not be able to physically go to the bank and Bitcoin will become one option they will turn to. We should understand that anything that makes the internet more useful with definitely make cypto too very useful. The internet is it's bedrock.

[Zigabel]

Since ther have been a one time lock down before now, if another gets to occur, the Approach this time will be more systemic as there are records to fall back and work with unlike  the first that did took the world by surprise and everyone was at the point of trying to figure out all of it at once but you see with a second occurance, it may not even be a total lock down as measures will be pit in place and just incase it happens to be, Bitcoin will gain so much utility value far more because there will will be some restrictions around some system and only Bitcoin has got that complete independence with its system to give the convenience and flexibility.

People will use it even more and upscale it's utility that will definitely equate price rise, this cannot really be controlled by the government of the day but they may only influence the price  in an attempt to control, but it will surely rise since demand is rising.

[Minor Miner]

Thoughts?

Currently, Covid is the only pandemic that Bitcoin has experienced since its inception. It is clear that we only have a single reference. Therefore, if another global lockdown were to occur at this time, it is highly likely that the scenario would repeat itself. Bitcoin could fall sharply in the short term due to investor panic. But then, surely once again, governments will print more money and roll out stimulus packages to save the economy. Once massive amounts of money return to the market, Bitcoin will benefit again, just like during the Covid era.

[aylabadia05]

If there's another pandemic and governments decide to do a "lockdown", how would Bitcoin's price be affected? Will it go up, or go all the way down the drain? Because recent crises has led to a downfall of BTC's market prices, albeit for a short period of time. Long-term speaking, Bitcoin always recovers.

Due to the rapid spread from one country to another, which has had a negative impact on many aspects, the world has imposed lockdown measures similar to those we experienced during the last pandemic.
The impact is not only felt in the Bitcoin and crypto markets, but almost everyone has experienced real effects. For me, what we have experienced recently is a test that we have passed, and we can draw conclusions that may differ between myself and others.

At the beginning of the lockdown, prices will drop due to panic, but as time goes on, people will start to get used to it. The answer is already there, and you've already answered it. I think our goal with Bitcoin is long-term.

[Alana Arden]

It is a little difficult to predict. Because the pandemic and lockdown in the world will create a severe crisis in our economy. As a result, people will become completely financially insolvent.
Without any means to survive, they will sell their valuable assets. Be it gold, real estate, or Bitcoin. In such a situation, the price of Bitcoin will fall, but it will be for a short time.

 Everyone starts understanding that Bitcoin is okay, then the price will go up. Basically, a little push at the beginning, then people will come back again, and the price will go up because with Bitcoin you can transact freely, and no one can stop it.

[rodskee]

it will not react positively if history is anything to go by. the economy will slow down again if what we experienced with covid shall happen again. fortunately i do believe some of us have learned our lessons since then and governments would have exercised the needed measures today that they didn’t do before. so (hopefully) even with a pandemic, the economy won’t be as worse than it was before.

[Zaguru12]

If all governments impose lockdowns again due to a pandemic, then initially the price of Bitcoin may go down but later it will be able to recover because now the governments have learned from COVID, so I think if there is a global lockdown, it will not be very lengthy. They may impose lockdowns for a short period of time.

I think we need to have a look back at a situation like this that has happened before which was the COVID-19 if you look at the bitcoin price that year (2020) you must definitely have notice that bitcoin overall did very well that year and was actually the most sorted after asset ahead of the likes of stocks. So for example if there is ever a repeat of such events again what i personally think is bitcoin at first will be in bearish sentiment like other assets due to the pandemic fears as uncertainty will definitely hit everyone but I am very sure if the lock down continues for some time I think it will be bitcoin which will get attractions because people will be left with a digital asset to keep as traditional assets or currency will not be easily accessible, this is exactly what played in the last lockdown and what I actually think will happen again

[HelliumZ]

If there's another pandemic and governments decide to do a "lockdown", how would Bitcoin's price be affected? Will it go up, or go all the way down the drain? Because recent crises has led to a downfall of BTC's market prices, albeit for a short period of time. Long-term speaking, Bitcoin always recovers.

I've thought history will repeat itself once there's another major global catastrophe. The Nipah virus and H3N2 flu are now taking the world by storm. If they turn into another pandemic, markets will be doomed.

Thoughts?

Just as the Bitcoin market was not affected by the 2020 pandemic, so too will any future pandemic have no impact on the Bitcoin market. Traders and investors will continue to trade and invest during the pandemic, so the Bitcoin market will not be affected, or at least it will not be as long-lasting as it was in 2020.‌ The Bitcoin market is not controlled by any third party or by any specific disaster or pandemic. Therefore, no matter how small a disaster or pandemic there is in the world, the Bitcoin market will remain stable even if the world goes into lockdown.

[SirLancelot]

It wouldn’t act much differently to the last lockdown. I would hazard a guess that initially it would dump hard, as it always does on bad macro news. Governments would then turn on the money printers to save the economy and Bitcoin would flourish.

Bitcoin is volatile but over a long enough timeframe it is up only tech.

I agree, first it will crash because of what's going on, and then because of lockdown there will be some money printed and high inflation again which will make it go up a lot. So, the same would apply like the last one and nothing would change.

This is not because of bitcoin by the way, I wouldn't really say that "bitcoin reacts this way", it is just mathematics, when everyone locks down and not make any money, we sell so that we can sustain and that is why it goes down, then governments prints free money out of thin air, which devalues the currency and that causes bitcoin to go back up again because with free money there will be a lot who will go buy bitcoin. So in theory this is what we do, not what bitcoin does.

[macson]

If a similar worst-case scenario were to occur again, I'm sure that the price of Bitcoin would surge due to people considering Bitcoin an alternative investment that could provide them with better returns during a downturn in the economy.

Moreover, in such conditions, more people are staying at home, receiving government assistance and idle money, and they may want to invest it but don't have many easily accessible options, so Bitcoin becomes an attractive option for them.

However, the last lockdown also coincided with the halving. So, even if the price of Bitcoin did rise, it might not be as significant as it was during that period.

[Cleanslate_]

If there's another pandemic and governments decide to do a "lockdown", how would Bitcoin's price be affected? Will it go up, or go all the way down the drain? Because recent crises has led to a downfall of BTC's market prices, albeit for a short period of time. Long-term speaking, Bitcoin always recovers.

I've thought history will repeat itself once there's another major global catastrophe. The Nipah virus and H3N2 flu are now taking the world by storm. If they turn into another pandemic, markets will be doomed.

Thoughts?

If it does happen again, Bitcoin will be more exposed and know by those that are yet to know that Bitcoin exist, because it was during the COVID-19 pandemic that alot of persons and country came to know about Bitcoin since no one is allowed to move to their various business and others, so the only movement that was available was online, the lockdown does not affect digital accessibility, and so alot of persons stick to their phones and was able figure out Bitcoin and other cryptocurrency since they can't stay idle, it was within that period to I heard about Bitcoin and how it works, so I don't think it will be affecting bitcoin but rather helping them because there was bitcoin oulets in my country where you purchase households items and whatever you need for the lockdown with as long as it continues.

life then was easy living a cashless policy without moving with any traditional currency, so I feel the same thing will happen in other places that Bitcoin has not be known, and most countries President will be forced to adopt and legalize it because of how the world now finds itself.

[Crypto Library]

If there's another pandemic and governments decide to do a "lockdown", how would Bitcoin's price be affected? Will it go up, or go all the way down the drain? Because recent crises has led to a downfall of BTC's market prices, albeit for a short period of time. Long-term speaking, Bitcoin always recovers.
I've thought history will repeat itself once there's another major global catastrophe. The Nipah virus and H3N2 flu are now taking the world by storm. If they turn into another pandemic, markets will be doomed.
Thoughts?

In fact, the global pandemic directly hampers our global economy, and since the bitcoin or crypto market is definitely a part of the global economy, it is absolutely clear to us that if the global economy is affected, the crypto market will also be affected.
But the only hope I have here is that even if there is another global pandemic, it will come after the bull season and bitcoin's all-time high price, although I hope it doesn't come.  From this perspective, I am already expecting a bear market. Now, if it comes for any reason, I have no problem with it. 

[Josefjix]

Yes, Bitcoin and the whole market will be fucked up to the lowest level, don't want to be speculative, but will definitely crash out and make another cycle of blood staining the whole industry again. Over the years I've been in the market, Bitcoin did not stand stronger after global negative news, but the price stays down for long and pick up it's stability again doing another figures. My observation many times.

[Kelvinid]

Bitcoin might probably get affected at the beginning but it will recover gradually in time, same like with other global events that scare us and challenge us.

But I don't think another lockdown is coming again since we have already learned from the past experience. The government should not wait for another lockdown to happen again, they will warn the people as early as today so that the best precautions will be practice and will avoid worst scenarios later.

[fuguebtc]

Yes, Bitcoin and the whole market will be fucked up to the lowest level, don't want to be speculative, but will definitely crash out and make another cycle of blood staining the whole industry again. Over the years I've been in the market, Bitcoin did not stand stronger after global negative news, but the price stays down for long and pick up it's stability again doing another figures. My observation many times.

Agreed, because bitcoin and the entire crypto market are still classified as risky asset. Therefore, any shock that plunge the global economy into chaos and instability will inevitably cause risky assets like bitcoin to crash.
In that situation, people will tend to prioritize cash and defensive assets like gold over risky assets. Bitcoin will only recover when people gradually adapt to the situation and their fears subside

In other words, I think Bitcoin will react similarly to how it reacted during the COVID 19 pandemic

[Abiky]

How are you very sure what that happened in 2020 that crashed the price of bitcoin in 2020 was COVID 19 pandemic? Did you know that bitcoin fell sharply from over $7000 or so to $3900 within just some minutes before it increased back up to $5500 all within few minutes. How is that COVID-19. CZ even said the crash was not caused by COVID and I believed him on that. Why during the COVID, bitcoin started to later increase?

It was just a coincidence was what I noticed, but people may now turn it to sentiment if their is another pandemic.

I think Bitcoin started to increase during the COVID-19 pandemic because of the stimulus checks. Especially in the US. Not that people used the money to buy BTC in-mass, but the mere fact that the US government "gave away" checks to everyone, added more burden to inflation. The higher the inflation, or the weaker the USD is, the higher BTC will go. At least, that's what I believe happened. Then came the geopolitical tensions, leading Bitcoin to where it is right now.

So far, Bitcoin has held its value. Only in the long-term, though. I can see why many prefer Gold during times of crisis. Hopefully, this will change in the future.

[Hyphen(-)]

If there's another pandemic and governments decide to do a "lockdown", how would Bitcoin's price be affected? Will it go up, or go all the way down the drain? Because recent crises has led to a downfall of BTC's market prices, albeit for a short period of time. Long-term speaking, Bitcoin always recovers.

Thoughts?

There is no doubt, there will be panic sell from people especially in the affected areas where the pandemic might be serious, and when there is panic sell from different pool, it will affect the price of Bitcoin which will be an opportunity for some investors because they knew that the price will dump seriously if there is lockdown due to any pandemic.

However, Bitcoin has been in existence for long time, it has passed through several pandemics and still survived them and remain the leading crypto currency in the world, therefore, I don’t expect the price to dump that much, and even it dump, it will surely recover.

[xbetz.io]

I think we’d likely see a short-term shock followed by a longer-term recovery, similar to what happened in 2020. In the initial phase of a global lockdown, people tend to rush for liquidity. That usually means risk assets drop together, including Bitcoin. Fear overrides narratives in the short term. But once uncertainty settles in and governments respond with stimulus, money printing and capital controls, Bitcoin’s scarcity narrative becomes stronger. During the last pandemic, Bitcoin not only recovered but went on to reach new highs.
So short term: volatility and drawdowns.
Long term: increased adoption and renewed interest as an alternative system. The key difference today is that Bitcoin’s infrastructure, liquidity and global awareness are far more mature than in previous crises.

[Finestream]

What I've noticed with bitcoin whenever negative events happening globally, the price itself also sympathize but eventually recover after couple of days or months.

However, with the expected another global lockdown, I think bitcoin will even gain higher demand as well as with other digital currencies, as people have now more time to explore bitcoin and resort into buying and hodling while staying at home, while others might also withdraw their hard-earned bitcoin so they can use it to provide the basic needs of their family.