So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
What is your say.
Of course, it will have a significant impact on the value of Bitcoin and other cryptocurrencies. Even a local economic crisis might have an impact on stocks and cryptocurrency. How much more if the economic depression which is a global crisis. I understand how difficult it is to live in such a circumstances, yet traders and investors profit from it. This is the perfect time to invest large sums of money because when our situation returns to normal, the value of the stock will return to healthy price movement. You can check the chart of a stock or Bitcoin before and after a crisis to see whether the price does not increase.