Post
Topic
Board Economics
Re: What if crypto vanishes?
by
jalil_113
on 08/01/2020, 04:24:40 UTC
What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?
Stock market will flactuate crazily because the investors and traders from crypto will shift to market based platform. Another thing that might happen is that banks will be overhelmed since there are expected huge volume of crypto investors who will now decide to just keep their money at banks because they don't have any plan yet regarding where should they put their money. Lastly, traders will either decided to go  for forex or stock exchange which isn't a big deal for them since whatever they learned in crypto trading can be applied there.

I also expect that people won't ever meet their funds if crypto vanishes.
That will cause even crazier fluctuation of stock market