I wonder what will happen to bitcoin and the crypto market if there will be a financial crisis in the world (2008 style)
From one side people will probably look for 'safer' place to put their money in
on the other side, many people see crypto and bitcoin as a risky investment
I would like to hear the community opinions about what might happen to our market in a time of world economic crisis
We have seen how bitcoin sort of becoming a saviour for countries like Venezuela, Argentina and Zimbabwe. A good read as to what happened in 2008
https://www.thebalance.com/2008-financial-crisis-3305679Obviously, it's going to be two fold, maybe we can see bitcoin dumping, as people are going to liquidate, because mostly in a financial crisis, there's a lot of irrational behaviours from average joe to huge investors.
On the other hand, there could be individuals who can see crypto as a safe haven and willing to store their wealth, specially on bitcoin.