COVID-19 impact on the world economy: will Bitcoin stand against the crisis?

What we know about COVID-19

  • COVID-19 has no symptoms during the 1st week after the infection.
  • The disease has a low death rate among youth and a high death rate among the elderly generation (up to 15–20%).
  • In easy cases, it has practically no symptoms, but in severe ones, infected people suffer from high body temperature and suffocating cough.
  • Those who have recovered get immune to the virus.
  • Cancel all public events.
  • Work and study from home is possible.
  • Reduce contact with other people.
  • Follow personal hygiene best practices.

COVID-19 impact on the politics

New fashion trends from the President of Slovakia Susanna Chaputova
New fashion trends from the President of Slovakia Susanna Chaputova
  1. Quarantine is implemented, the pandemic successfully ends. The politician is the hero of society and he or she has good chances to be elected.
  2. Quarantine is implemented, the pandemic doesn’t end. Well, this politician has done all that he could, let’s not blame him for the inability to stop the avalanche.
  3. Quarantine is not implemented, the pandemic successfully ends. That’s not his merit.
  4. Quarantine is not implemented, the pandemic doesn’t end. The politician is as bad as he could be.

COVID-19 impact on the economics

Marketwatch.com: The Dow Jones Index dropped by ⅓ in one month since the pandemic broke out.
Marketwatch.com: The Dow Jones Index dropped by ⅓ in one month since the pandemic broke out. It was -40% over the course of a whole year back in 2008.

COVID-19 impact on cryptocurrencies

CoinMarketCap: Bitcoin drops as the coronavirus panic spikes
CoinMarketCap: Bitcoin drops as the panic spikes

What does the future hold?

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