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?
At that time, the rich will have to find another low-level job and many will have to commit suicide due to trust in crypto. and it's hard to imagine a scenario where more than $ 200 billion is out of the world, there will certainly be a financial crisis again. because not only ordinary people like us are trading coins but also financial institutions, banks and even some central banks like in Venezuela. Therefore, the fall will bring a lot of negative things to the whole world.
That is really doubtful, a market of 200 billion may sound like a lot for people like us but when it comes to the economy that is not really a lot of money, this market is still very small and the only ones that will be greatly affected by it will be people like us, even if we are not holding a lot of bitcoin that bitcoin is probably a significant part of our portfolios, and even if the whales will lose a lot more money than us many of them have cashed out part of their bitcoin and they will be fine if the market of cryptocurrencies crashed.