The coronavirus COVID-19 has spread all around the globe, and we can see cases reported in almost every country. The crisis continues as the world is in a lockdown, but Bitcoin after COVID-19 may be an asset to watch out for, as many cryptonews analysts outlined.
Doctored screenshots, dodgy links, memes and unofficial posts are also spreading like wildfire on Facebook, Twitter, WhatsApp and Instagram. Meanwhile, the economic ramifications of the coronavirus-induced shut down have led to a surge in interest in scarce digital assets.
This is one of the reasons why the Bitcoin news today show an increase and a new price for BTC at $7,400. Many analysts expect this bullish run to continue in the coming days and weeks.
Ever since the coronavirus COVID-19 first hit the headlines in early 2020, we saw an explosion of fake news. All of this influenced the markets – and had many asking themselves what will happen to Bitcoin after COVID-19.
The US Federal Reserve did everything it could. It printed two $1 trillion coins, while the UK government decided to pay for 80% of the wages in the country. A global recession is near certainty and coming as soon as next month. Stock markets lost trillions of dollars in value in a matter of hours.
And as the COVID-19 crisis rolls on, some are forecasting lockdowns that could last well into 2021. People are also counting the cost of long-term business closures and unprecedented central bank stimulus.
“Extraordinary times require extraordinary action,” Christine Lagarde, the president of the European Central Bank, said last week via Twitter. “There are no limits to our commitment to the euro.”
So, what will happen to Bitcoin after COVID-19?
Well, we have the halving which is about to occur in May and is seen by many as the crucial point for a new rise of Bitcoin (BTC) and a potential surge that will match its all-time high or even more.
Bitcoin is after all a cryptocurrency that was created in the midst of the last economic crash. As such, it has shown great strength and stability during these tough times. Also, it showed that there is a possible alternative to the central bank-controlled debt-based economy.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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