Good-Guy
VIP Contributor
Any kind of pandemic is really bad for the world economy. In the year, 2020, the global stock market crashed and the local stock markets of each and every country also faced the same problem. We all know that during the Covid-19 pandemic many people, who depended on stock market, had a much harder time dealing with finances and they ended up suffering from huge crisis as a result. A similar kind of situation can be noticed because the rise of the new Omicron variant has raised an alarm for many investors and the stock market is again at the risk of crashing due to this new variant. Right now the condition might not seem that bad because this variant has not spread yet, but the market would crash suddenly at any time. The same goes for cryptocurrency market or any other financial market that involves huge investments. So, do you really think that you will be investing money right now? Or would you be pulling off your current investments? Please note that pulling off investments can also lead to the downfall of cryptocurrency and stock markets, as suggested by an article on Yahoo Finance. According to yahoo finance, one of the major reasons why Bitcoin market crashed on 4th December, 2021, was because many investors pulled out the money from the market due to the fact that it is the end of year and due to Omicron variant.