RATE Group | Coronavirus is Good News for a Few Bitcoin Holders, See Why.
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Coronavirus is Good News for a Few Bitcoin Holders, See Why.

11 Mar Coronavirus is Good News for a Few Bitcoin Holders, See Why.

Posted at 10:16h in Bitcoin News by

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Coronavirus, aka COVID-19, is no longer a negligible topic, now has effected 120,000 people and caused 4,000+ deaths in the outbreak. Some researchers have estimated that Covid-19 could grow to infect 60% of the world’s population, and this would be enough to cause millions of deaths.

Coronavirus is causing panic. A circuit breaker halts S&P 500 trading for the first time since 1997. Coronavirus can be a more significant event that causes a higher impact than bitcoin halving.

When the risk comes, where is the opportunity? Though the deadly coronavirus is harmful to the man, it can be good news for crypto traders.

Why Bitcoin Will Get Benefits

Firstly, the fatality of coronavirus is way yet too underestimated all over the world but it will probably ultimately spread all over the world. The US stock market shows a volatile performance, more unstable than the crypto market.

Below is how the Hong Kong stock market was influenced by SARS, another coronavirus outbreak…

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