March 2020 was the time when the deadly corona virus had started uprooting the strong pillars of health system across the globe. The wave later named as COVID 19 didn’t spare even the mighty nations like USA, the sophisticated fashionable region like Europe and the pioneers of change in future economy like India and China. . Complete lockdowns, unprecedented causalities, gory scenes of people crashing on ground and scattered dead bodies sent shivers down the spine.
The lock down did everything wrong for the businesses and the people in general spreading scare and people prayed for two time meals for their families in the under developed countries. Air traffic, Transport Industry, Entertainment and other such events paved way for a thriving business for consumer items, online shopping platforms
However a new breed of investors better known as Millenniums proved the game changer for stock markets as well as the cryptocurrency during the torturous times. All Governments pushed enough liquidity in the system to bolster the crippled health system as well as providing relief to the suffering people across the globe.
With dollars dropping in their accounts and work from home culture developed by the companies provided these youngsters an opportunity to experiment and remain busy during the lazy hours. The high number of D’mat accounts/trading accounts opened by the stock broking companies surpassed all records. Money started flowing in the stock markets as the stocks struggled to regain their lost glories.
DOW/SENSEX along with other global indexes crashing down to the historical lows in March 20, started picking up in the second half of the year. The brave souls who weathered the storm for a few months were duly rewarded for heir patience and perseverance as the markets started their upward journey..
Liquidity played major role in convincing the new sets of customers to venture out and try their hands in stock market which was a relatively safe investment. but a large number of youngsters showed inclination towards cryptocurrency which inspite of being riskier game provided handsome return in short period of time
Dow Zone crashing down to 23800 level in March 2020 picked up smartly and has already achieved historical heights by climbing to 34000 level. Amazon, Tesla, Google and other stocks doubled in valuation in a short time of just 9 months.
Bitcoin trading @USD 9000 and Ethereum available for less than USD300 in the early part of 2020 galloped and by the end of the year, there was multi dimensional growth in these coins. Though the main role of investment remained with the institutional investors but there was a considerable interest by the millenniums too. The Bitcoin has gone beyond USD 60000 and Ethereum beyond 4000 levels taking these coins beyond the reach of common investors. .
The businesses are closing down, the factories are running at reduced capacity, the offices have been working @50% , restaurants, malls and markets all closed in India. The hospitals and health infrastructure is overwhelmed with the number of COVID infections spiraling up as positivity ration has attained monstrous dimensions of more than 35%. More than 10 variants threatening the nations have caused anxiety forcing countries to close their borders for international traffic.
The situation more or less is similar across the globe with a little bit of relief coming from different versions of corona vaccine available now. Its not going to be an easy job for the authorities to vaccinate their large population in short future but there is a hope to curbthis menae for the time being
Like in 2020, one thing is apparently evident that the lockdowns and restrictions are going to encourage the new breed of investors to try their hands in the stock markets. We can see the global indexes rising with each passing day either in the name of vaccination or better financial results shown by the companies for the year ended 31 march 2021.
DOW crossing 34000 and SENSEX touching 50000 levels again is an indicator to the continued interest of millenniums and liquidity in the system. Companies ae also taking a cue by dolling out dividend, splits or bonus shares to their investors. This rosy picture certainly brings in more investors to hoping for better returns from their investments
On the other side hundreds of exchanges and thousands of coins and tokens in the crypto market keep luring the young investors for putting in their money to reap rich dividends.
There have been reports from all across the globe about poaching and hacking by the hackers.as the system is prone to frauds and stealing. It is not a Bank account or stock trading account where any mischief can be taken care of by the regulator. A slight oversight can see your wallet getting emptied and you have no recourse for the recovery as all the transactions are made through a code where no regulatory authority is involved.
Number of transactions in cryptocurrency have increased manifold not only in US, Australia, Europe but country like India where the Government has been planning to ban the Crypto currency through its Parliament.
The volumes have increased by more than 100 % resulting in total traded value in India. The unprecedented turnover of more than 350 million in a single day on wazir x created a sort of history in the first week of April Bitcoin the leading digital currency despite suffering reverses last week after scaling heights of +$65000 is trading @ $57000. is being speculated to touch $100000 in a near future.
The times when everyone is closeted in his room not daring to venture out for a stroll in open air, this idea of investment in stock market and crypto seems to be worth trying.
Stay safe and have a better luck
MoneyXTension: Financial Freedom 