Post
Topic
Board Economics
Re: How will financial crisis affect crypto?
by
mezzaluna
on 05/01/2021, 18:11:23 UTC
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 guess the relation of real world investments is different from investments made within the Cryptocurrency Industry. We know that last year some stocks went down but we saw a different trend for Cryptocurrencies which is upward (and still going upward currently). However, the possibility of Cryptocurrencies crashing is on everybody's mind and they are still wary to keep watching the trend on which they are currently invested on.

It might affect the users who made investments on both of the system which is a great idea but you really need to study a lot before doing that or invest a lot of time around financial investments stories.