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.
And I have a feeling the same is going to happen again. People will move towards gold when the financial crisis starts hitting globally. Look at what happened to the price of bitcoin when the pandemic first hit and caused a major disruption to the economy. The price started to fall and everyone started to panic. But the opposite started to happen in case of gold. Gold started to rise and ended up reaching the all time high. So we can expect the same when a global financial crisis starts to happen.