I made the mistake of checking it to the pound, and was like that's not so bad. Then, the realisation kicked in that both have gone down quite some bit. I'd say it's only a matter of time before the rest of the currencies follow. No doubt, each government will be putting preventive measures in to stabilise it at the moment, but ultimately whatever measures they implement we'll be paying for it down the line.

Then we'll get a housing crash, and basically we'll start seeing people defaulting on their mortgages, and potentially banks ceasing trading or getting bailed out once again. Bitcoin to me should see positive growth during this time, and it might actually help us get out of this rut. Although, it's hard to predict since we'll also be feeling the effects of lesser buying power, I guess it's a question of what's more powerful. Decreased buying power as a result of the recession or people losing faith in banks, and fiat in general.