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
well, i just see 2 options about it.
1. positive view : investing in crypto since no one left on their country
2. negative view : instead to investing, government has blocked all way for something like that. Or another perpective, people have lost interest with any kind of investement, since its recession, of course daily expenses is the top priority, and of course if every country have a same think, disaster will be happened on crypto.
What I meant is even some countries don't allow the use of cryptocurrencies directly for usage, but a lot of country allow the use of cryptocurrencies for investment. And that's what i meant about the investors of crypto. For example, my country allows the use of cryptocurrencies as an investment, and my country is in recession now. It is surely affecting the investor from my country, and a lot of them withdrawing their assets in crypto for their living.
of course its not an investor, it is a market participant, investor is a person that
allocates capital with the expectation of a future financial return or to gain an advantage, in the simple words, no matter happen, they will keep their investement, if u talking about their dialy expenses, they must be find the other way to get it, rather than get double rekt by this situation.