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.
Thinking off that bitcoin does depend on world currencies specially on USD which means if theres a world crisis then expect all would be affected not only on crpytocurrencies but also the economic state on most country in the world. If we are talking about crisis its already a serious stuff and all who are depending on it will be surely affected. Theres no exclusions on this one.