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
Bitcoin and allied cryptocurrencies are considered at par with stock investment by many. In case of recession like 2008, cryptocurrencies would suffer similar blow like stock market. People will prefer to keep their monetary value in liquid form. Hence, like other investments and securities, cryptocurrencies' value would fall too. It is natural tendency of investors to follow conservative behaviour during recession, I don't see any reason why people would treat cryptocurrencies any different.