Post
Topic
Board Economics
Re: State influence for cryptocurrency
by
wheelz1200
on 13/10/2020, 21:13:51 UTC
What impact will it have on cryptocurrency in a country torn by recession in the COVID19 pandemic?
some developed countries have entered recession. I just want to know what impact it will have on cryptocurrencies in your recession-ridden country

Ultimately recessions are never good for any market.  People tend to tighten up with their excess money.  It might have a slight uptick but longterm recession will turn a crypto market bear just like other markets.