Raoul Pal, CEO of Real Vision, and Fred Krueger, CEO of Lynx, discuss the impact of coronavirus on the economy.
Covid-19’s spread has suddenly changed our lives and the entire global economy. The “New Normal” is likely to be restricted/closed borders and shifts in global supply chains, which means lower wages and a higher unemployment rate. The worst of the current downturn could last over 24 months.
Bitcoin lost almost 50% of its value in March, but the upside could be 10 – 100x in an inflationary environment where governments buy up corporate bonds and equities. These trends will push younger investors to be more interested in digital assets and tokenization, and older investors will be forced to sell assets and they won’t find buyers.