- The surge in HMPV infections in China raises fears of another global health crisis.
- Bitcoin’s decentralized nature makes it an attractive hedge in times of uncertainty.
- Past pandemics saw Bitcoin’s price soar, and a new health crisis could fuel similar growth.
China is currently facing a surge in Human Metapneumovirus (HMPV) infections. Five years after the COVID-19 pandemic, this new wave has raised concerns. Hospitals are reportedly overwhelmed and several videos in online platforms show crowded emergency rooms and long waits. Along with HMPV, influenza A, Mycoplasma pneumoniae, and COVID-19 are circulating, raising the nervousness of many. The recent increase in the number of cases has made many people worry about another global health threat.
Crypto Market During Pandemic
If the virus escalates into a pandemic, the cryptocurrency market, particularly Bitcoin, may behave like COVID-19. In the 2020 crisis, the BTC was very active, and the price increased significantly. As governments implemented lockdowns due to the pandemic, many sought other channels to invest their funds. Conventional financial systems came under pressure, and investors had to turn to Bitcoin as an inflation and economic risk protection tool.
Bitcoin’s decentralized nature made it an attractive option as it operates independently from central banks. In times of uncertainty, this independence from traditional financial systems is appealing. Governments were issuing stimulus packages and printing money, causing concern over inflation and currency devaluation.On the other hand, Bitcoin, with its fixed supply, was seen as a safe asset.
The pandemic sparked increased institutional interest in Bitcoin, with companies like Tesla and Square making significant investments, fueling its price growth. By the end of 2020, Bitcoin surpassed $20,000 and by December 2021, it reached a record high of $68,000.
Bitcoin’s Growth During Crises
Focusing on the global health crisis, Bitcoin could experience another similar growth. Bitcoin’s appeal could rise as governments react to the virus with measures like travel bans and lockdowns. Investors may turn to Bitcoin as a hedge against another round of economic disruptions and crypto’s ability to operate outside traditional financial systems makes it attractive during volatile period.
Robert Kiyosaki Predicts BTC to Hit $175K to $350K in 2025Additionally, as inflation concerns grow, Bitcoin’s role as a store of value could become more pronounced. Cryptocurrency markets could see another boom as more people and institutions seek stability. If the virus outbreak in China evolved into a broader crisis, Bitcoin and other digital assets may again thrive in uncertain global markets.
The potential spread of HMPV could lead to a surge in Bitcoin’s popularity. If history repeats, the cryptocurrency market might experience another significant growth period as a haven asset.
