Why there are so many threads like this? What does BTC and crypto trading have to do with COVID-19? Like affecting it's price and make traders panic because of the economic collapse?
I don't think it affect that much, and traders keep trading like the normal days. While the economy collapsed, cryptocurrency and blockchain have benefited more from it. Before the lockdown happened here in my city, Bitcoin was treading water from $5k to $5.5k.
Now we're treading water at $9k to $9.5k range and blockchain-related jobs, virtual events and demand have surged even more.
Well I think we have so many threads like this one because people are brainwashed. This is only a try to sum it up, this government campaign is like "wash your hands, while we wash your brain". Covid is everywhere around, they locked us down and on tv and newspapers only things you could see is Covid, how many new sick people we have, how many have died, how strong virus it is, what are we going to do about it, bla bla bla...
Lock down have a positive effects on crypto, simply many people didn't have what else to do than to search internet, and probably the most searches were about how to make some money online, crypto is more popular than ever and people had time to check more about it.