As the world is preparing for a second wave of Covid19 panic and mayhem, how will our investments fair?
Stocks are taking a nosedive today with bluechips like the FTSE, DAX and Wall Street bombing between 3% to 4% each. Take a look at my daily trades and charts below:
Same thing happened the first time around, but what will happen to our beloved crypto holdings?
Well, we saw most coins and tokens depreciate in the same manner as regular stocks and shares, but not quite so heavily. Many top 20 coins weathered the storm remarkably well.
But a bonus to, for and from the world of Crypto, which is arguably more important than profits, has come to the fore as across the world, more than 9 million people have contracted the COVID-19 virus, with about 485,000 deaths so far. Many governments are struggling to cope causing economic activities worldwide to grind to a halt. With the coronavirus pandemic causing disruptions across almost every facet of human life, crypto donation relief efforts appear to be gaining momentum.
Crypto and blockchain firms are rallying to aid adversely affected communities. The border-less nature of cryptocurrencies is once again showing its potential, allowing individuals and businesses to send funds to organizations coordinating relief efforts across the globe.
What an incredible opportunity for blockchain, particularly DeFi to shine and prove to the masses how beneficial it can be to the world as a whole!
