How can we make sure to survive the fall ?
- Can cryptocurrencies work in this environment?
-The current ups and downs in cryptocurrencies have certainly made it hard to breathe for the investors
-What can we do to make sure we survive the whole economic recession? ( Certainly don't put all your money in the banks )
If I am not mistaken the last bull run started after the worldwide spread of COVID-19. When the stock and forex market was collapsing crypto market was rising. The Crypto market is not like other markets though it has some impact related to those markets. If the stock, bond, and real estate market is going to shrink, people will have no choice but to buy gold, silver, or bitcoin. Everybody wants to keep their asset's PPP power stable.
I have a feeling that crypto will get mass adoption within a few years due to hyperinflation. Worldwide, Govt will be forced to recognize crypto as another asset class. This is not the first time mankind had to face a recession so there is no doubt that we will overcome this but the big question will be at what price?