Post
Topic
Board Economics
Re: How will financial crisis affect crypto?
by
fullhdpixel
on 21/01/2021, 15:28:30 UTC
For me, the financial crisis helps to pump the bitcoin's market its the opportunity for it. Many speculators hang tight for the crash and put their asset when the market goes down. However, by watching the outline of bitcoin's value its appears to be that the financial crisis is presently far away from the bitcoins. The cost is higher than our assumption and now it's difficult for a financial crisis to crash such sum.
That is what crypto meant to be as well, if you have a crash in the regular fiat world that means fiat is going higher and higher in number and inflation is increasing, which is why its vitally important that people seek other platforms to make money, crypto is number one in that now only rivaled by gold but all the new money goes to crypto not gold, gold has been invested long enough and doesn't produce the same amount of returns anymore.

It is going to take time before we can go over the gold market cap in the world, but we are certainly going there, I do not doubt one second that crypto marketcap will be bigger than gold market cap, and I believe not only crypto market cap, but bitcoin market cap alone will be capable of going over gold as well. We started as a "currency" but crypto became an asset and it became a great one as well.