By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
Did you mean of 'bankrupt' is experiencing severe inflation? I haven't heard of a country experiencing bankruptcy like a person trading or having a business. However, the most vital problem of a country is inflation that will always be faced every year, even now there is a country that was experiencing severe inflation even more has been referred to as hyperinflation , yep everyone already knows Venezuela.
Bolivar currency has fallen and reached its low point. High inflation made the economy of the socialist country in a sad state. So, there were some parties who argue that cryptocurrency can at least save the economic situation in Venezuela and finally Nicolas Madura accepted the proposal, so as this is first cryptocurrency was regulated by the government. And til now the cryptocurrency can be expected contribute the Venezuelan economy become stable, we will wait for what will happen in the future.