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 think it's wise to compare gold with crypto in this situation. Gold is very stable, crypto isn't. Gold is an asset - crypto..well, while some may actually use it as an asset, it's not crypto's main purpose, it's a P2P network. And, most importantly - crypto isn't as much tied to the global economy as precious metals and while it remains so - the economical crisis won't affect crypto directly and crypto won't affect the economy directly.
What can happen (and, I think< is happening) is that due to fiat system failure the attention of influential people, companies, and governments may become more drawn to crypto.