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.
The evolution of technology leads to new ways of people on how they are storing their money. On the modern day process, people will more likely prefer cryptocurrencies over gold. For some reasons, they have more control with their money when they store it in crypto. Just like in bitcoin, aside from the convenience, it is also much more secure. The value of it maybe volatile but it can be a good thing whenever pumps are occuring since the money they are storing has the capability to grow. Maybe a financial crisis can hurt crypto for a bit nevertheless, at the same time it can also benefit from it.