It looks like the downtrend on the financial system is inevitable. How do you think this will affect crypto? People used to refer to gold in the past, will they move to crypto this time instead?
I kinda think, that the upcoming crisis actually gives crypto a chance.
I don’t know this for sure, though I think all these things doesn’t have anything to do with cryptocurrency. I know for sure that the interest in Bitcoin has been growing a lot this year especially because of the bull run, although a lot of people never expected this because of the coronavirus and how the market decreased earlier, they thought that it was not going to recover again and finally we are here.
But, now that we have reached a new ATH price will the price continue going up? That’s another question we have got to ask. Normally after the price reaches new ATH, it drops later. That’s why I said I don’t think it has anything to do with economy.