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
If you are talking about crypto to be a hedge for financial crisis, I wouldn't say that bitcoin is the best bet out there. It's been touted as a store of value (SoV), so I wouldn't be surprised if we ever had a global crisis, bitcoin will be on top and the rest of alt coins market suddenly died down and collapse. Just look at the state of the alt coin, majority of them haven't recovered since 2017. So just imagine if the scenario you portraying are going to happen in the next coming years.