How would Bitcoin react with another global lockdown?

[Alphakilo]

When COVID hit, it significantly slowed down all business processes. You saw for yourself how things deteriorated in your country, as well as globally. This slowdown in business processes was evident in the US, specifically the slowdown in the growth of the Nasdaq. Until recently, the Nasdaq had always correlated with Bitcoin, meaning its price. This is logical, because if business is down, people don't want to invest in risky assets.
Therefore, my answer would be this: with a new epidemic, everything will deteriorate again. And it's clear that the price of Bitcoin will fall, as will the price of gold, which would be good. The fact is that every major global upheaval halts gold's growth.

Is that why Bitcoin and other cryptos are going down right now? I mean, the H3N2 flu and the Nipah virus are still on the loose. They're epidemic, but could transition into a pandemic if the outbreak continues to spread around the world. There's a massive "bloodbath" in market prices similar to the "COVID era". Perhaps, this is an indication that prices will rebound in the long run? Maybe.

Either way, this is a huge opportunity to buy some BTC at a discount. You know what they say, "Cash is King". When prices go down, use your cash (Fiat) to buy more BTC. Even precious metals are having a "bad day". We're living in uncertain times, so anything can be expected.

What happened in 2020 was a lesson that made Bitcoin more successful and more legitimate as an alternative to traditional banking, so one could actually pay for things from their safety using Bitcoin without needing to go to banks or hold cash.
Besides, since the spot ETF launch, so many big companies buy large portions and won't delay in buying off any Bitcoin on the market then because Bitcoin and crypto currencies is a reality that will be fulfilled once it gets to $21million and who holds the largest share, controls with power.

People are smarter now and unlike previous data, the price may only dip further but rebound when people settle into the news of something as global lockdown.

[AmoreJaz]

Immediate reaction will be crash, just like every asset in the world because people want to take everything possible and want to have liquidity in their hands. But the previous pandemic helped the bitcoin to recover and reached it's previous ATH not so long after it happened.

I believe the adoption will further increase as people want digital transactions and no actual fiat payments anymore. So yes, we may possibly be seeing a new ATH.

[Abiky]

What I know is that when there is another lockdown, the government will print more money to finance its people, just like what happened with Covid-19, to handle the outbreak and also to provide life to the people, the government printed more money to support people who are unemployed, and that is done by the whole world, and resulting in greater circulation of money and the flow to investment assets or financial instruments and bitcoin will be one of the profitable goals in such a situation, maybe for a quick response we will experience a short decline and will return to form a very strong upward structure and can print a new ATH.

The downside of "money printing" is that it increases inflation. So while Bitcoin will "increase" in price, you'd technically have the same purchasing power as today. A stronger BTC is a sign that Fiat currencies (particularly the USD) are getting weaker. Same principle applies with Gold. During lockdowns, the economy comes down to a halt. The only way for capital to flow into markets is by governments "injecting" money themselves. This provides positive results in the short-term, at a cost of higher debt and stubborn inflation in the long run. It's what happened in the "COVID days". People in the US spent their stimulus checks, and everything went sky-high a year or two later.

I hope we don't enter another pandemic. But if we do, we must take the opportunity to grab "cheap" Bitcoin before the rebound. "Wall Street" is already in the game and won't less such opportunity slip by. We'll see what happens in the long run.

[khiholangkang]

What I know is that when there is another lockdown, the government will print more money to finance its people, just like what happened with Covid-19, to handle the outbreak and also to provide life to the people, the government printed more money to support people who are unemployed, and that is done by the whole world, and resulting in greater circulation of money and the flow to investment assets or financial instruments and bitcoin will be one of the profitable goals in such a situation, maybe for a quick response we will experience a short decline and will return to form a very strong upward structure and can print a new ATH.

The downside of "money printing" is that it increases inflation. So while Bitcoin will "increase" in price, you'd technically have the same purchasing power as today. A stronger BTC is a sign that Fiat currencies (particularly the USD) are getting weaker. Same principle applies with Gold. During lockdowns, the economy comes down to a halt. The only way for capital to flow into markets is by governments "injecting" money themselves. This provides positive results in the short-term, at a cost of higher debt and stubborn inflation in the long run. It's what happened in the "COVID days". People in the US spent their stimulus checks, and everything went sky-high a year or two later.

I hope we don't enter another pandemic. But if we do, we must take the opportunity to grab "cheap" Bitcoin before the rebound. "Wall Street" is already in the game and won't less such opportunity slip by. We'll see what happens in the long run.

It is clear that inflation is a definite answer if another pandemic occurs, even though there are gold nuggets to be exploited in situations such as declining asset prices, but the effects will indeed get worse, today we have not completely recovered from the previous pandemic, inflation is gradually increasing very high. I feel that, even though we can make a profit from investing in Bitcoin, that doesn't mean I pray that all of that will happen and sacrifice many very difficult lives for the majority of the world's people.

Hopefully nothing like that happens again and every outbreak can be resolved quickly before it spreads, let's see what might happen, hopefully we will all be given safety and long health.

[Antotena]

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?

Bitcoin is a smart asset and over the years of my experience with it, one event doesn't happen repeatedly and if it does, it wouldn't have impact like the way it has the first one. Corona period didn't just have bad impact on crypto market, it disablizes everything and it's because such thing has never happened before but that's in the past. If such should repeat it self again, the effects on the market will not be that huge and trust me people are going to buy back Bitcoin quickly.

The last lock dow even turn out to be an advantage for Bitcoin because it was that same year we had bull run when lock down happened, that was the first time Tesla bought millions of Bitcoin and turn it billions of dollars. There is high probability that other people will want to follow up and do the same but probably in another pattern to finally give the crypto bull run many people has been waiting for all this while.

[Publictalk792]

It is very likely that Bitcoin would be first thing to fall because big investors will sell off risky assets to pay other losses, which is already being seen. However, with answer of governments in aid money and cut in interest rates, Bitcoin is being used more as shield against rising prices due to its fixed supply, leading to return of Digital Gold comeback. Moreover, past numbers also show that lockdowns may act as reason for growth in trading since people in hiding use market as hobby during disease outbreak. In current market, selling may happen more fast and strongly due to Spot ETFs, although fact with Bitcoin is that it is already real asset group, so long term comeback is far more likely than complete crash.