A research institute has published an interesting report on the value of gold and Bitcoin after the pandemic. The Weiss Ratings Institute predicts that the condition after the pandemic will cause the price of bitcoin to increase, while saved assets such as gold are unlikely to have the former value.
The institute's two researchers, Juan Vilaverde and Bruc NG, assessed the reaction of financial markets after the discovery of the coronavirus vaccine by two prominent pharmaceutical companies , Pfizer and Moderna.This analysis shows that, after the news about the discovery of vaccines was published, investors predicted the end of the pandemic in the short run and therefore returned to the stock market investment portfolio, so they withdrew their assets such as gold and other assets and technologies that became more valuable during the outbreak of the coronavirus. Since the announcement of the Coronavirus vaccine, the prices of gold and bonds have fallen. In the meantime, Bitcoin has retained its value. Although the hypothesis that the world would recover soon after the pandemic was reinforced after the discovery of the Coronavirus vaccine, the value of gold has witnessed a downward trend and bonds has offset only two-thirds of their decline. On the other hand, Bitcoin has managed to break the resistance of $ 17,000, $ 18,000 and $ 19,000.
In addition to bitcoins, altcoins also reacted positively to the news. Following the growth of bitcoin, the price of altcoins also increased. The report also says that in the post-corona world, the digital currency market may be the only asset to store value, and the market will recognize this. Digital currencies are the product of the most advanced human technology and healthy economy and this makes them stronger to combat fiat currencies and the reckless banking monetary policies of governments.
At the end of this report it is stated that we are rapidly approaching the post-corona world where digital currencies are the only good value assets. Analysts believe that the more the world is drawn to digital currencies, the more prosperous the digital currency market will be.