Last week I saw the crypto market of bitcoin and altcoin all fell dramatically because there was competition in gold trading that made all prices fall, is gold investment more profitable than bitcoin and altcoin which are vulnerable to hacking.
Gold and silver experiencing a boom. Big players are preparing for the world economic crisis. But I believe that they will also start invest into cryptocurrencies as Anthony Pompliano predicts. He says that crypto is not a correlated asset and it will behave like gold in times of crisis.
If some are already preparing for the next global economic crisis, then so far, first of all, traditional values - gold, silver, antiques, jewelry, gedvizhimost - will grow in demand and price. However, in the future, and especially during the period of the onset of the crisis, cryptocurrency should also grow in price. After all, it was created, in particular, to avoid the negative consequences of global economic crises. First of all, the most famous types of cryptocurrencies should grow, and especially Bitcoin and ethereum. Well, for cryptocurrency this will be the first economic crisis and it is very interesting how cryptocurrency will behave in such conditions.