Post
Topic
Board Economics
Re: About world crisis and criptocurrency
by
AdolfinWolf
on 08/07/2017, 14:30:04 UTC
Hello

what will happened with cripto currency if it was world crisis?
wha do yu think?

Historically, when there are times of uncertainty around the world, or in specific places in the world, or when the confidence in the national currency decreases, people flock to gold for safety.  With cryptocurrencies around nowadays, I'd think that any uncertainty or currency crisis would cause a huge influx of money into cryptos for safety to maintain wealth.

Because crypto will maintain their value? For real, look at how bitcoin, the #1 coin, fluctuates. It could go down 10% in a day. I do not think we will see a massive increase in money going to crypto's in a crisis, but rather something like gold.

Crypto's are also far from being mainstream.