How Trading in Crypto Can Help Manage Stress and Mental Health During the Pandemic

Introduction

The COVID-19 Pandemic has single-handedly emerged as the most destructive event in human history. With nearly a million lives being lost because of the virus, health is not the only significant fallout of the pandemic.

Experts predict that the pandemic will cause the single most significant economic destruction in history. This is going to be much worse than the economic depression of the 1930s.

Another significant fallout, which has recently been gathering attention, is the effect the pandemic has on the mental health of people worldwide.

In this article, we will help people manage their stress levels by taking help from what experts at CDC and WHO are saying about the same. However, before we do that, let us look at the relationship between COVID-19 and mental health.

How COVID-19 is aggravating Stress and Mental Health Issues?

As soon as the pandemic hit the world, scientists and epidemiologists suggested nationwide lockdowns to curb the spread of the virus. Many countries imposed strict lockdowns (akin to curfews) to control the infection.

People who were traveling for work, meeting friends, vacationing were all asked to stay at home and not meet anyone. This changed the entire practice of how we lived and functioned as human beings.

Even when restrictions were lifted in phases, people were skeptical of meeting others for fear of contracting the virus. As you are reading this article, this problem continues to persist.

The economic fallout has also caused millions of people all over the world to lose their jobs. The ones who have been lucky have faced severe salary cuts.

Both these factors have aided in stress levels, anxiety, and depression in many across the globe. The feeling of financial helplessness has been more significant than the fear of being infected.

Can Trading in Cryptocurrencies help manage some of the stress and anxiety levels?

When the world's global stock markets crashed because of the pandemic, Bitcoin and other cryptocurrencies saw a sharp upward surge. As an asset, Bitcoin started rising in value, and many christened is as 'Digital Gold', owing to its newfound role of a hedge against rising inflation.

Many people who were sitting at home and had been recently laid off started learning more about cryptocurrencies. This encouraged them to study up on the investment and start doing the same. To their surprise, they saw rapid returns and high growth rates.

To give you a small real-world example, the value of One Bitcoin in March (when the pandemic began) was between $2500-$3000 USD.

If you want to invest or trade in Bitcoins, you can visit bitcoin loophole website.

In August, Bitcoin crossed the $12000 mark, its single most promising Bull Run for quite some time. This means a growth percentage of more than 400%! As compared to any other asset value, this is phenomenal.

Can Financial Security reduce Stress and Anxiety in Individuals?

If anyone reading this article says no, trust me, you are privileged. Ordinary middle and lower-middle-class people who worked hard at their 9-5 jobs and found themselves without a job experienced depression.

In many cases, they did not know where their next meal was going to come from. With their savings rapidly depleting and inflation levels rising, Bitcoin and cryptocurrencies have come as a breath of fresh air to power their lives and existence.

While financial experts keep pointing out the risks involved and caution against investing, they keep mum when asked about why ordinary people who had nothing to do with the pandemic lost their jobs.

Financial security can be achieved by investing in cryptocurrencies. This, in turn, can help reduce or at least manage stress levels in individuals across societies affected by the pandemic.

The Final Words

Mental health, stress, and anxiety are not something that is only experienced by the rich. While their reasons for the same may not be financial or monetary, for the majority of us, survival issues can lead to depression.

(Sponsored Article)