Coronavirus & Crypto

Coronavirus Impact on Cryptocurrency

By indi420go | Random Stories | 16 Dec 2020


How do you think has the coronavirus outbreak affected Bitcoin and other Crypto?

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Coronavirus has had a huge effect on the nascent industry of crypto currencies.Since the start of the Pandemic a lot of people are stuck at home,some of them lost their job and a lot of them started working online,what makes us more depended on technology and internet.In the near future the number of people using crypto will double,and make people to invest in online companies and products.They will be more focused in using crypto for shoping then regular curency and i think that will increase the production of new crypto coins...

Some will fail some will stay with us for log time alongside the popular coins we know today. We were already dealing with various issues, like regulations, liquidity. scams etc and this has just added to the list of worries. However new companies are building a lot of interesting products but there is still a lot of ambiguity surrounding Crypto even today. Though it can fairly be called a mainstream asset now, it is yet to be institutionalised. Governments all over the world need to take bold measures to regulate it and make it easier to buy / sell / hold Crypto. Till that happens, the crypto industry will continue to struggle amid all the uncertainty, which has been further highlighted by Corona situation...

 

 

 

                                                   

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