Crypto & Covid-19

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Avatar for AbodySiry
3 years ago

Welecome

we all know what happened to the whole world

Covid-19 virus destroyed us!!

Coronavirus COVID-19 has spread around the world with cases reported in almost every country—but its wildfire advance has been outpaced only by its contagion on social media.

Coronavirus information, a toxic blend of truths and lies, is running rampant on Facebook, Twitter, WhatsApp and Instagram shared through memes, doctored screenshots and dodgy links.

Meanwhile, with many aghast at central bank and Federal Reserve plans to flood countries with never-before-seen levels of freshly-minted cash.

It is still hard to say if the crypto market's recovery is going to last, but a stable positive trend is very likely to be established by April. Even if the dollar does not devalue, the BTC halving in May remains a solid argument against a crypto crash. Currently, one can make a profit mining cryptocurrencies even in countries with cheap electricity at a price of at least USD4000. In May, the block reward and the emission will halve, and the bar for profitable mining will rise to USD6000-7000. Below this price, there is going to be a serious deficit of sellers on the market. This would most likely mean that the market price of BTC is going to be no less than USD8000.

Out of all the possible assets, we have examined three – cryptocurrencies, stocks, and gold. At the moment, both cryptocurrencies and stocks can bring an investor a decent profit by November. The coronavirus is putting a serious pressure on the stock market and has accelerated the cryptocurrency crash, but all the remaining factors point to the growth of these markets in the next few months. 

For the cryptocurrencies, these are the BTC halving and the continuing increase in the number of market participants, as well as the possible devaluation of national currencies due to the leading countries printing more money. 

For the stocks, it is the zero interest rate from the Federal Reserve, and the US administration would greatly benefit from new records for the stock indices. However, an optimistic prognosis for the stock market is only possible for the moderate scenario of the pandemic, so one needs to have safe haven assets in one's portfolio, such as cryptocurrencies or gold.

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