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
What we experience this year is predicted to be much worse than the year 2008. People always wants their investment to grow, and if there isn't no big growth at least it should not end up losing. Considering this more investment from different sources got moved to gold. This got reflected with the big growth in the price of gold over the past few weeks.
Very few took into consideration the cryptocurrency, we haven't experienced big crash in the market of cryptocurrency. Years back too there was some form of economic recession experienced globally, by that time bitcoin didn't got dumped. This is why bitcoin growth will be mentioned unpredictable. If some financial crisis happen in the future more people will move towards cryptocurrency same as people at present moving towards gold.