Humanity is going through a life-changing transformation as everyone is painfully aware at this time. A cataclysmic event such as this pandemic touches every person, everywhere in the world. And just as the black death served as a catalyst for the Italian Renaissance, some deep and far-reaching transformations will certainly result from this situation.

Governments all over the world are taking action to combat the effects of the pandemic in two fronts: Healthcare and Economics. And while it’s obvious to expect lasting changes in those fields. Less obvious are the effects in the psyche of the population and the social structures of our society.

Office dynamics will be reformulated as social distancing has brought about a sharp rise of the number of telecommuting workers. Many companies have had to rethink the way they conduct their business and overcome preconceptions regarding this method. The inherent benefits of telecommuting for the quality of life of the employee and in the reduction of the company’s office expenses will bring about permanent changes.

Labor outsourcing will also get a boost from this pandemic, as many stay-at-home workers now realize they can sell their skills online as freelancers in many different areas. Companies will welcome the reduced fixed labor and infrastructure costs they can achieve outsourcing some non-essential tasks.

Consumer behavior will also be affected, internet usage has reached an all-time high during this pandemic. Not only video streaming sites but also other types of online content delivery services have grown in popularity reaching many more segments of the population than ever before.

The Financial world will also be greatly impacted. This pandemic may very well be the event that catapults Cryptocurrencies to the main stage of financial markets worldwide. Even though the US Digital dollar proposal was abandoned, in China and Europe similar ideas are being considered. This means that policy makers worldwide are now acknowledging that cryptocurrencies could be the solution to certain problems in our economic structure.

Bitcoin is the cryptocurrency best suited to take advantage of this positive sentiment, as it will be undergoing a halving in the next month, this event will increase its value as the rate of increase of the supply of the coin is reduced. Other altcoins will also benefit, as they will all ride the wave of increased acceptance worldwide.