I wrote in in the other comment. If everything goes as planned (and we get a vaccine soon), I expect a big rise in Bitcoin and Altcoins too.
The problem is the big wildcard CoVid. The last time the stockmarket crashed in march, it took Bitcoin with down with it, because the traders needed instant liquidity. The even sold Gold and Silver. I really don't know how it turns out this time. We have to wait and observe the cases after the easing of the lockdown. Do we have to lockdown again in a few weeks if cases arise again? And what's to expect of quarter 2 earnings in July? They will be worse than ever seen, that is clear. We have an ongoing recession already and then the damage in economy by the lockdown is just not calculable. We never had such a situation. The biggest problem out there is not solved. That's why I am cautious.
Good points, I agree. I think that every day that goes by we get closer to a treatment and or cure though, so I do think that another leg down in the markets will be short lived and likely needs to happen sooner rather than later if it is going to happen at all.
Hopefully!! This would relieve us all so much :)