the impact of the coronavirus pandemic has a negative and detrimental effect on the crypto industry, for example China has a variety of crypto industries and blockchain companies.
Chinese crypto and blockchain companies temporarily stop workers and allow workers to go home and work at home to anticipate the spread of the coronavirus.
This certainly creates a bit of a problem in the crypto industry because workers only do their work from home and are not very responsive.
This drastic decline makes the crypto industry must survive in the midst of this pandemic.
but on the other hand there are many who are interested in cryptocurrency because people in their homes are starting to learn about cryptocurrency, a step to legalize crypto taken by India and Korea is the right step.
Topic: What could be the effect of corona virus on crypto industry?decrease or increase - page 5. (Read 973 times)
April 02, 2020, 10:32:44 AM
April 02, 2020, 09:52:03 AM
Obviously based on what we have been seeing the Corona virus brought a negative impact to the crypto Industry as well as to the many business because of it's lockdown from different part of the world and maybe this is one of the most problem because the industry of the cryptocurrency is currently facing a big problem due to this pandemic virus.
April 02, 2020, 09:45:54 AM
basically it has drastically crashed stock markets worldwide.
and we can see more 20% downside in stock market before april end.
but bitcoin and other top currencies are already at its bottom level. we cannot see more correction in it.
and due to stock market crashes, again people from stock markets attracted towards crypto currencies.
moreover India and Korea and few other countries have started to take step to legalise this industry.
so, we can see 10000$ bitcoin before may end again.
It is my analysis only according to my forex and crypto experience.
experts can give their suggestions to bring proper conclusion.
and we can see more 20% downside in stock market before april end.
but bitcoin and other top currencies are already at its bottom level. we cannot see more correction in it.
and due to stock market crashes, again people from stock markets attracted towards crypto currencies.
moreover India and Korea and few other countries have started to take step to legalise this industry.
so, we can see 10000$ bitcoin before may end again.
It is my analysis only according to my forex and crypto experience.
experts can give their suggestions to bring proper conclusion.
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