Could anyone help to analyse what's the impact to crypto market if we meet global crisis again this year or next year? In the situation that the crisis will be even larger than 2008.
It will be big, just take a look for what happened for the first quarter. Stocks are down, bitcoin fall. This only means that
The cryptocurrency market is still dependent on the financial system.
As is known in 2008, the global economy meets liquidity problem, hedge funds and banks sold their positions to get money.
So if we meet crisis, shall we assume that these institutions/individuals will get money back from crypto market first?
There's a possibility that they'll get their money back from crypto so there will be a massive sell and the market will be bearish again. But I don't think they'll get their money "first" in crypto, they'll get it first from their shares / stocks.