During nationwide lock-downs, we are all ought to stay inside the house for 14-days. It is not even confirmed after that period to go outside and if it's safe to go back to work.
The number of people that is getting infected around the world is pumping like what's happening in Bitcoin nowadays and it brings fear to everyone.
Here is a tally of the 17 countries with the highest numbers of confirmed cases.
To sum it all up, here is the total number around the world:
Though the death toll is really low compared to the number of people who recovered from the Corona Virus, it is still agitating that someone still dies because of this pandemic. We must also consider that there are people who are dying everyday even before this sickness hits the world.
This virus as we all know is not choosing its victim whether you are young or old, rich or poor, male or female. It will now leave us into thinking, what if the front-liners who are taking care of all the ones infected will eventually perish because they will also be affected too or if these people will no longer agree to perform their duties because of the fear that they are seeing that it can cause their sudden death as well?
Then the number of deaths will rise as the number of people in the medical field decreases.
A really frightening thought that could happen really soon if the medical workers won't refuse to serve their constituents. They always have the free-will to choose for their safety in all ways possible.
The Economy is believed to have a major slump this year. Why?
A lot of companies were forced to reduce operations or even shut down because of the continuous spread of the virus inside the building or work stations.
Unemployment Rates Continuously Rising.
In the United States 26 Million jobs were lost just over the last five weeks.
Source
The Money In The World Is Already Printed, Where Will It Go?
Fashion, Entertainment, Fitness, Leisure, Mobile Phones, these are the top products where the money in the world goes to. We also have food, real-estate, transportation and consumer products which is reliably stable before the pandemic in the early 2020.
They are the ones ruling the stock market as well as Energy, Fuel and Rare Metals. Now the question is, at this point of our life where people stays at home, what are the things that is considerably a necessity?
Food, Shelter and Medicine
These are the very basic that a person or a family must have! Without these, then it's really a dead-end for them. Medicine can be antibiotics, food-supplements, Vitamin-C (Sodium Ascorbate as a great substitute because the supply of Ascorbic Acid is already dwindling at the moment). Food and shelter must be provided to all citizens because everyone needs to stay in a location where they will feel safe and also food to nurture these people at a time being.
Internet and Personal Computers
If people will just choose to work at home for clerical jobs or tasks, then these items will definitely be a must-have. Companies all over the world are now sending the PC's to their staff to ensure business continuity. If the internet and speed capabilities of each nations will still continue to be the same and the service providers will not improve the quality of the speed then working at home will not be possible if a lot of people will just resort to this option.
Freight, Deliveries and Transportation of goods.
To prevent people from going out of their homes then the delivery of goods should also be accessible and fully-functional. This will mean a lot of jobs will be generated who owns motorcycles, cars and multi-purpose vehicles to be used for certain kinds of deliveries.
Medical Facilities
Due to the fact that the numbers of covid19 cases are increasing, then the facilities and testing materials demand to all hospitals and clinics are also increasing. Manufacturers of these items can command the price and therefore their profits is a result of the high market demand. Truly favorable to them. The use of the masks is necessary while on public places. The mass-production of face-masks and face-shields will now be on a high-demand. A major cut of the money in the world will now be diverted to individuals who are selling it online because of the new-normal.
If these products and services have emerged from this situation the world is having, how about the other small businesses up to the large scales which already gained a lot from the previous years?
Would there be a collapse in the economy if the funds of the world will just be transferred to a different field?
If a paper-less or contact-less form of payment will already be implemented such as online banking, QR-codes scanning, and Cryptocurrencies then it's really time for us to invest in these digital assets if we talk about this pandemic to go further. Regulations and anti-fraud measures should just be strengthened so there would be no abuse or lessen the risk of these payment methods. It is convenient and safe from any viral for of transmission too.
Let's not wait for this inevitable to hit us hard, we should all be prepared.
We should emulate a positive mindset to everyone we come across to avoid fear and to become wary.
Let's all adapt to the use of Cryptocurrency NOW!
During this 7 day interval at the time of writing this blog, what have you done to make yourself prosperous lately?
The Top 10 Cryptocurrencies By MarketCap as of Today July 31, 2020
Entering the first half of this year, here are the major players:
coinmarketcap.com
Bitcoin is the Fire-Starter!
$30-Billion added to the Market Capitalization over the last 5 days and a surge of almost 20% in just 7-day interval.
What will you have if the majority of the people in this world already have Crypto?
Thank you so much for reading this timely article that bugs my mind wanting to be shared since a couple weeks ago.
Follow me for more crypto-related contents and might include finance and economy. I do have a banking and finance background from HSBC-International for almost 2-years.
Since we're not allowed to go out as we usually do, I think this is the right time for crypto currency to soar high, doing business at the comfort of your home, away from this invincible invisible enemy. We're all deprived of liberty yet there's still a way. Cryptoing is the key!
I love the excitement 😍 yes it is true! Cryptocurrencies are the future of money indeed! Thanks for dropping by.