How would a global recession affect cryptocurrencies?
What is happening right now isn't called a global recession by the media but we know that it already is as we saw the global markets going down because of the virus.
Every asset right now has been battered by what is happening right now. Stock markets, gold and even cryptocurrency. We saw already how crypto is affected right now as the global recession occurred. It went down very hard and it is the for me the fastest drop in a short amount of time although this is not the worst drop that Bitcoin has made. We saw Bitcoin went to up $20,000 from around November-December 2017 and 1 year after, it went down from $20,000 to almost $3,000. Now in less than a month, we saw Bitcoin went from $10,000 all the way down to the $4,000 price. Not the worst one but the fastest drop I've ever seen.