What do you expect will be the role of bitcoin and altcoin in the upcoming global economic crisis?
i mean i read on several sites that the only way to face the next economic crisis will be to freeze and withdraw some amount of private equities.
In your opinion will this lead to a massive adoption of crypto? given the fact that they are unseizable and in the end bitcoin was born right to face the crisis of the global market of the 2008?
If so what is the best altcoin to buy and hold for the next five years?
The important role of bitcoin in the economic crisis is that increasingly users and all people understand the meaning of investment for the future. because what happened was a crisis of trust from users who invested in the sacrifice. but now, we also face an economic crisis caused by viruses. but actually economic turnaround is still good.
at the moment I think many people or large investors have already withdrawn some of their money from the crypto market. because as you know, the impact of this epidemic is huge for the world economy. especially for large companies that are connected with several countries. of course, they are the hardest because their efforts must be stopped for a while.
Yes that is the reason why cryptocurrency is made for time like this, the money we invested in crypto some time ago might increase depends on the market trend of the certain crypto and we can use it to sustain our needs now where jobs and companies are paralyzed by the virus. After this virus ends we can surely see the huge damaged of it to our economy and it will take some time to recover so our crypto will sustain us while we are still struggling earning money the way we used to. Now i hipe people will consider adopting cryptocurrency in their lives so that they can always be prepared.