As the global financial landscape continues to evolve, the cryptocurrency market may be poised for a significant bull run, reminiscent of the post-COVID-19 era. This shift is speculated to be influenced by emerging health concerns, including new pandemics such as Mpox and Eastern Equine Encephalitis (EEE).
Mpox and EEE: Emerging Health Threats
Mpox, a viral disease that has been gaining attention recently, poses a threat similar to other zoonotic infections. Additionally, Eastern Equine Encephalitis (EEE), a mosquito-borne disease, has raised alarms in the United States. Massachusetts health officials have already detected a human case of EEE and have advised residents to stay indoors, implementing a 6 p.m. curfew on outdoor activities until at least October. EEE can cause severe neurological disease, including meningitis or encephalitis, and currently, there are no vaccines or specific treatments available.
The situation has drawn parallels to the impact of the COVID-19 pandemic, which initially caused a significant crash in the crypto market, followed by an unprecedented bull run as people sought alternative investment avenues.
Bill Gates and the “Flying Syringes” Controversy
Adding to the complexity of the current situation, Bill Gates has funded a biotech company that has received experimental approval to release millions of genetically modified mosquitoes in various U.S. states. These mosquitoes, dubbed “flying syringes,” are designed to deliver vaccines via bites. While the aim is to combat diseases like EEE, the initiative has sparked debate and concern among the public and health experts.
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Speculations on Future Pandemics
Experts have warned that future pandemics could be even more rapid and devastating than COVID-19. The World Health Organization (WHO) and other health bodies have suggested that new pandemics could emerge more frequently and with greater impact, driven by factors such as increased human encroachment into natural habitats and climate change. The timing of these emerging threats has led to speculation about their potential impact on the global economy, including the crypto market.
Crypto Market’s Potential Reaction
The crypto market, which saw a significant rise during and after the COVID-19 pandemic, may experience similar trends in the face of new health threats. Investors might again turn to cryptocurrencies as a hedge against economic instability and inflation, potentially driving another bull run.
Read also: US State Wyoming Heading Toward Crypto Network-Backed Stablecoin Payment Adoption
Crypto Bull Run Heading Toward Next Level Amid Concerns Over New Pandemics: Mpox and EEE
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