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
Cryptos are borderless so it won't have much effect due to the recession from a country but 2020 is the economic crash year of the world and surely it affected the cryptos growth by hindering it to certain range but it already crossed the stabilizing phase now in the process of bullish trend gradually.
More to add, countries printed more money to tackle the pandemic which will cause inflation in the longer term means the price of bitcoin in terms of fiat will increase in the coming years more than we expected.