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.
Recession is never a good thing in the market especially in crypto market.
This pandemic really bring a lot of bad things in our life, economy, and everything. Although it made bitcoin much more popular than before due to digital development and adoption, recession are still there and ruining the market. We are unlucky because businesses are closed and we are not having any positive movement or progress when it comes to economy and market.