It is currently impossible to predict the impact of coronavirus on the economy. Only, one thing is clear — nothing will work as before. Accordingly, the rules will change, including regarding crypto trading.
The longer the crisis lasts, the more uncertainty multiplies. But, investors are always looking for assets and eyeing innovation. Traders will have to come to terms with unusual situations. For example, it is assumed that the volatility in the markets of any assets will be increased and this state of affairs may become a new standard.
Timothy Sykes, CEO of MillionaireMedia and the American Hedge Fund, said:
Now, traders should not do things that were familiar before. Perhaps the end of the multi-year bull market has come. Everything that has worked so far will not necessarily become relevant in the future.
Cryptocurrency market participants should tune in to adaptation. Dinosaurs will die. Only those who can change will remain. In the end, it is unknown if there will be a second and third wave of coronavirus, and the cryptocurrency market will not have time to recover.