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.
Many people also think the same as what you say, financial crisis wont affect bitcoin negatively but it will give bitcoin an opportunity. But there are also some people who thinks the opposite by saying that the next financial crisis will be a devastation of bitcoin. So it depends on what we believe, no matter what will happen to bitcoin but as long as we trust in bitcoin then just keep on holding and supporting it.
Bitcoin was built to withstand the financial crisis and inflation, those are the major reasons why bitcoin was invested. Bitcoin was invested as a digital store of value (just like Gold) and a payment system. And currently the bitcoin is becoming more and more digital store of value, a lot of people are now considering bitcoin as gold 2.0 or even better. Because with bitcoin people have total control over their own asset, bitcoin is lightwight, digital, fast, secure, and decentrilized unlike Gold which is heavy, physical, slow in terms of movement, insecure, and very centralized.