Good post break-out-trader. Putting aside the equities markets for a moment, I'm personally more interested in what this means for crypto markets. Assuming the new mutant strain is really bad, penetrates the vaccine, and causes countries to re-impose economic stoppages/lockdowns - shouldn't that be good for BTC in general? I mean, economic stoppages/lockdowns always seem to spur more money printing, which in turn seems to drive fiat devaluation, which in turn makes BTC a more attractive asset, my opinion. What do you think?
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in the long run correct but investors are like children, they spit their dummy out easily. Knee jerk reactions and epic crashes can and will happen especially if they get things wrong, ie we are not out of this pandemic like the vaccine narrative has had them believing.
An exciting question how the crypto market will behave. At the beginning of the crisis back then, all markets fell, including crypto markets. Normalization of the global economy depends on an effective vaccine, and this is very well demonstrated in the current uncertainty.
The economies of many countries depend on cheap fiat money, and the big plans cannot be financed otherwise. Bitcoin and all other valuable assets have benefited from cheap money policies. The bond market is interesting at the moment, the US is giving yields again and that looks set to continue. So debt will soon no longer be free and that is a big problem in a crisis.
Hard to say what will happen, it all seems like a big experiment. Bitcoin will be more interesting for many but also for politics and regulations.