Quote from: Febo on Today at 05:13:13 PM

Quote from: rizkyalhabsy on October 13, 2020, 06:24:19 PM

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

Reduced economic activity cant have positive influence on any commodity or asset. But the way governments will fight recession, so with printing money. That will have positive influence on Bitcoin. Overall we might see that Bitcoin purchase power will not increase much, but fiat currency purchase power will. So that way Bitcoin price in fiat will increase, but in reality will stay stable.

in your opinion, it could affect bitcoin to be stable and even soaring like that?
This means that it all depends on the government how to respond in case of a recession in their country