Post
Topic
Board Bitcoin Discussion
Re: How would a global recession affect cryptocurrencies?
by
gundala
on 09/04/2020, 21:07:20 UTC
How would a global recession affect cryptocurrencies?

Global pandemics often cause recessions. This paralyzed the economic sector broadly, negative curves were everywhere. Most investment products also declined sharply a few weeks ago. It depends on how long this pandemic lasts, if it lasts a long time it will be the beginning of a bad crisis, hopefully it will not happen. Well, cryptocurrency has existed for 10 years, while the pandemic that caused the recession was decades before. So I think we can make a reference from the stock market, where industry activity is weakening, surely many are looking for other alternatives, and the stock market is the best alternative, as well as cryptocurrency.