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
During times of financial or economic crisis, spending is lessened up to an unusual level. That means a massive decrease in economic activity. If that happens, I doubt if investment into Bitcoin will take a surge. Well, it is possible because Bitcoin is proven to be independent from the traditional economic assets or indicators, but it is also a possibility that it will go down together with the rest of the economy. Bitcoin, after all, the same with the rest of the cryptocurrency world, is dependent on human spending. If the spending lessens, it could extend up to crypto trading and its demand.