How would a global recession affect cryptocurrencies?
WE ALREADY KNOW !!!
BitCoin is CRASHING in price since the economic crisis started, and Alt Coins are doing even worse. This is just getting started, there is no price floor for BitCoin, it could be virtually worthless in a short time.
It will not be a global recession, it will be an ECONOMIC CRASH and GLOBAL DEPRESSION. Those that bought into the BitCoin as a safe haven asset lie are going to get wiped out.
Hard Facts
Dude, it's not that bad in my opinion. I don't know if the current situation can be called as a global recession or ecnomic crisis but I think bitcoin is doing decently well. Obviously bitcoin had a dip in the beginning due to the panic situation in the market but since then bitcoin has recovered quite well.
Even in the current price at $7300 I would call it decently well since it is at a better stage than the rest of the assets.