Good afternoon,
I would like to gather your opinions on the reaction of the cryptocurrency market in the face of a fall of the traditional financial system.
There are many signs showing that a new crisis is coming, it will be much more powerful than in 2008 and have a bigger impact.
How do you think the cryptocurrency market will react when the system collapses?
Thanks for sharing
Cryptocurrency has been a way to avoid the flaws of traditional financial system for quite a time. Financially excluded country have taken benefits and really did flourished their economy with the use of crypto in the last decade. Russian and Iran being two of the successful examples.
The traditional financial system is highly regulated and is in a close control of limited number of elites. The capital market has huge flaws as they don't balance themselves or are hugely influenced by external factors creating periodic depressions. This time people have crypto as a rescue boat.