Forth Worth, Texas, January 29, 2020 (MarketNewsFirst) — The number of confirmed Wuhan coronavirus cases is near 100,000 globally, but unlike the previous pandemics, the death rate associated with those who contact the disease is small as less than 100 have died. These are Macomber statistics, but most of our society has experienced Bird Flu scares, Ebola, Zita or SARS virus that are potential pandemics that have created concern.
Throughout history, there have been a number of pandemics, such as smallpox and tuberculosis. One of the most devastating pandemics was the Black Death, which killed an estimated 100 million people in the 14th century. The most recent pandemics include the HIV pandemic as well as the 1918 and 2009 H1N1 pandemics.
One of the noticeable developments is the rally in Bitcoin since the Wuhan Coronavirus was identified is the flight to quality for gold and digital currency. Specifically, Bitcoin rallied from 7000 per token to 9000 per token and is taking its cue from negative news about the pandemic.
No one can predict when a cure or anecdote will appear for Wu-ona, the CDC doesn’t know, the Chinese government doesn’t know, not do the people of Wuhan where the virus originated from a bat. These are the odd things about the pandemic scare, no one has a cure, a projection or logical answers – they are all guesses.
The Wuhan Cornavirus will be part of our vernacular for much of the decade, and our culture will roll with the punches of limited travel, decorative facemasks and concerns about where we go, how we get there and what we eat, but a full-blown pandemic is likely neutralized by technology and communication. The days of Black Death are not part of our concern in 2020, it is more about how we will be inconvenienced versus if we will live or die.
The silver lining of Wuhan-C, is that it shows that governments can work together and the madness of crowds can be controlled and not have widespread panic. The remedy is quicker to surface in this decade, and technology and communication will save lives. The other silver lining is that digital currency in the form of Bitcoin will find another reason to replace FIAT currency which may be the catalyst needed to rid ourselves of burdensome barter systems controlled by governments. Silver linings take a while for the onlooker to see clearly.