Coronavirus Epidemic Exposes the Need for Cryptocurrencies

To say that the Coronavirus is leaving an incredible impact on the world today would be a gross understatement.

However, it’s not just in the well-being of millions that the virus is affecting. In fact, investors and policymakers are coming to the realization that the epidemic is going to have a much bigger impact on the global economy than they presumed.

Now, the exact size of this impact is up in the air at this point in time. No one knows for sure just how big — or small — it will be.

Exposed problems at the hands of the epidemic

The general public has already picked up on the health issues that stem from the Coronavirus outbreak. However, with its gradual increase, people are starting to notice other problems that go beyond the health of the masses.

There is an overall sense of mistrust that is being felt towards the government and news as a whole. There is a noticeable lack of transparency, making it unclear as to whether cases are being under- or over-reported. It is not outlandish to assume that trade wars coupled with the upcoming presidential election in the U.S. may be distorting the truth.

There is also the dawning of the realization of our dependence on China functioning as the world’s supply chain. This includes electronics equipment and has already manifested with Apple stalling the production of iPhones.