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
I think that's a great and difficult argument. In my opinion there will be lot of possible scenarios.
If I had to bet 3 things may happen:
1. Mostly wants to cash out dollars and price goes DOWN (most possible scenario imo)
2. Mostly want to invest in crypto cause they think it's the future and accept it has an alternative form of payment -> price goes UP (unfortunately I don't see this scenario possible right now)
3. BTC price will remain almost the same (or increase a bit) accordingly to USD/FIAT loss of value and things remain the same as now (more or less)