In the current scenario in which we find ourselves, the world is immersed in uncertainty in all sense and for the bitcoiners think what will happen with the price of Bitcoin when you complete the quarantine? It is not far-fetched. The Coronavirus has put the world “upside-down”, supply chains, production and the economy in general have been affected beyond what is expected. For that reason, in CriptoTendencia share this article with the intention of providing the possible scenarios for the price of the Bitcoin for when the quarantine is finished.
The economic crisis the quarantine according to the IMF
In a recent report by the IMF, he shared his perspective on global economic quarterly to 2020. As expected, the projection seems very bleak due to the economic effects of the measures of the quarantine global. Something that even now is referred to as a “Great Lockdown” (Great Lock). In the report, the IMF estimates that the markets will continue to be stymied even long after the end of the pandemic. That is why, there is a concern about if the price of Bitcoin will continue its “apparent correlation” with the S&P 500 and fall in conjunction with traditional assets. For their part, many consider that the damage to the markets and the mega-printing of the FED, will be the ideal scenario to make Bitcoin its true litmus test. What could be your greatest opportunity and to prove to what was created. With this we should not expect that the price of Bitcoin will go to the moon in 24 hours. Rather, understand that the normal people (the majority), will have to learn the damage of fiat money painful form. The economic crisis provided by the IMF, could benefit the adoption and the price of Bitcoin when you complete the quarantine.
The banking post pandemic
To many it seems clear that the world and the banking after the quarantine by Coronaviruses will be different from before the pandemic. Of course with it, including the price of the Bitcoin and the cryptocurrencies. The need for change in the way that people perform daily activities is more than evident. The use of modern technologies have broken paradigms in business, education, jobs and even banking. This new way of doing things is what will reach the “new normal” that awaits us. The trend towards digitalisation, as much as seems clear, it has been widely promoted by the Coronavirus in many ways. It is not clear how sustainable will the current changes. Since then, we are not fortune tellers to know how you see the world after that of the Coronaviruses. However, we have learned that changes can occur suddenly. Affecting traditional banking, as well as the cryptocurrencies with the price of Bitcoin.
The changes are accelerating by leaps and bounds
In this way, these are the elements of the future more likely in this time for the banking institutions: Being digital is no longer just optional.To work remotely will increase.The bank branches will no longer be so vitalesLa innovation is a necessity.FinTech will represent a priority in the agendas.There will be greater competition on a digital level.
The price of Bitcoin post quarantine
As a result of the Coronavirus, several banks have closed branches. Even in some countries have introduced limits for cash withdrawals. In this way, some customers can not withdraw more funds from the planned amount. Even assuming that it is “their own money”, may not be disposed with freedom. Bitcoin, in contrast, is available at any time and there are no withdrawal limits. The criptomoneda can be obtained and transferred regardless of the location, also in rural areas, at any time and even on weekends or holidays. In that sense, BTC can operate as normal despite the blockages by quarantine by Coronavirus. Noting that the price of Bitcoin is another differentiator with the traditional banking system, being something that fluctuates free. Despite all the stress in the financial system, Bitcoin processes transactions on a regular basis and produces a block in a reliable manner every 10 minutes. Everything seems to push towards digitization in a short time. In consequence, it will reduce the need of schedules in windows and money physical banking. And in the digital domain, we will be waging war against the Fiat money in the land of Bitcoin. Without a doubt, it will be a good way to measure the forces and to make a comparison more clear to the common person. The current crisis is an opportunity for the active encryption and Blockchain, by its impact and presence in the digital world. The cryptocurrencies are digital by nature, therefore there are no limits to “physical”. Also do not need to atms for cash withdrawals or physical locations for storage as metals. In a time where the monetary policies of government are unpredictable, Bitcoin provides a real alternative in this environment. We will have to learn to adapt and continue. In this way, with this possible scenario challenging for the institutions and the people. The price of Bitcoin is likely to benefit once the quarantine.