What is the influence of Corona Virus to cryptocurrency?

What is the influence of Corona Virus to cryptocurrency?

By Crypto Beeporter! | CRYPTO PROJECT | 31 Jan 2020


We all know that this virus is so very dangerous and it can cause death to us, As the death toll rises up to 170 people with more than 7,711 cases confirmed. In China there are 38 deaths from the coronavirus announced on Thursday, 37 is from the province of Hubei the center of the outbreak.

 

I have lots of friends in China that are affected on this issue but thank god they're safe. They said most of the people there are afraid and have put a mask, as they want to stay at home instead of going out or somewhere.

 

The coronaviruses syndrome are: if you're feeling unwell, runny nose, headache, cough, sore throat, and fever. 

 

Some of my crypto friends saying they're out of supply of mask and the demand is so very high. The price of mask increased from 143 yuan (US $20.61) to 850 yuan (US $122.53) per box it's 6x spiking!

So why these issues related to cryptocurrency? 

Again this is the same idea but different scenarios. 

 

On this May 2020, Bitcoin halving is coming and the demand will rise and the supply would be limited. I ask some of my friends there in China and they said that most of the people there are buying Bitcoin instead of going out to their house to buy something or put their money in the banks. Because as of the moment their money is useless if the city declared shutdown. 

 

Lots of stores are closed and no people in town.

 

crypto investors will move their assets from crypto exchanges to have a cash flow because lots of them experiencing the no work no pay.

 

Please let me know your thoughts and do comment below. Thank you!

 

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Crypto Beeporter!
Crypto Beeporter!

Crypto enthusiast. trader and content writer


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