How can the global crisis affect crypto?

[kent47400]

I think that there is no effect on cryptocurrency because the cryptocurrency is free from the monitoring of the BANK and Financial Institutions.
we can see the example in Zimbabwe that has experienced a monetary crisis and the Bitcoin there has no effect.

[nick_2017]

I think that a lot of coins will die if it happen. And maybe people start to use crypto instead of typical money. Also price of BTC can grow up in this situation. But nobody knows future.

[Happydd]

The global economic crisis has a huge impact on the price of bitcoin. Most bitcoin-producing countries have strong economies. Countries such as Japan and Switzerland are very interested in the field of electronic money and accept transactions in their daily lives.

[mambA98427]

The economic crisis in Turkey showed that bitcoin will be popular in hard times. People want to save their money by investing in bitcoin

[kenman]

What do you think will happen to the crypto market if there is an economic crisis around the world?
This topic is very interesting for me, so I would like to hear your thoughts.

in general it only means thouse who will posess more money could afford spending more on crypto development in their country. and don't forget about politics too

[xenosaga]

I think that a lot of coins will die if it happen. And maybe people start to use crypto instead of typical money. Also price of BTC can grow up in this situation. But nobody knows future.

In an economic crisis, it is possible that people would be pulling out their money from the investments that they made. Which will cause for the crypto market to again, come crashing down. Economic crisis is bad in any angle.

[SimplifiedProgress49]

If this happen large amount of coins will dead.

[Launchpad748]

Its so simple, Global crisis will affect everything as well as cryptomarket.

[MaximusTime569]

Coin will disappear, Market will collapse, Bring lots of disaster.

[democity]

When the crisis comes, people will put their money in the bank, which is obvious. This will lead to a further reduction in the liquidity of encryption.

[Boss95rnd]

The global fiat crisis will lead to more cash flow into crypto currencies market. Because when people do not trust in fiat they go crypto. But I hope there will not be another strong fiat crisis, because it will affect a lot of people.

[Sandeep24]

I think crypto market can help to resolve this problem permanently if all world will be supported crypto and worked on same platform then global crisis will be stop and economy will raise automatically.

[AAlex48]

What do you think will happen to the crypto market if there is an economic crisis around the world?
This topic is very interesting for me, so I would like to hear your thoughts.

The unstable economic situation is facilitated by the transfer of funds into the crypto currency.In order to preserve and multiply.

[ladaturekova]

People will invest less amount of money and the amount of people here will be less as well. In other sides I don't see any problems, but of course they could be.

[NikkiS]

What do you think will happen to the crypto market if there is an economic crisis around the world?
This topic is very interesting for me, so I would like to hear your thoughts.

The unstable economic situation is facilitated by the transfer of funds into the crypto currency.In order to preserve and multiply.

I also think so, people will begin to trust banks less, and the crypto currency will look like a good option for keeping their savings if the market recovers.

[Alexarik]

Many coins will die, but it is also possible that people start using crypto currency in everyday life, instead of the usual money. If crypto projects show the results of their activities, there will be a big increase in crypto.

[powerman24]

We can already see  in the countries which are affected with crises people are more interested for crypto as
an alternative solution. (Venezuela , Turkey etc.)

[Conte_Forni]

Well, I think it will greatly affect, although I think that it can contribute something new to cryptography and maybe even cryptography will come to a new level. In time we will all learn it!

[Ajadey4]

I think since we are talking about economy generally, and since cryptocurrency can not isolate itself from world economy, that said crisis will surely affect it. People would want to fall back on it as bailing out strategy during the crisis, and expect some countries in a desperate bid to cling on to something to help the country, would not hesitate to face cryptocurrency.

[omacron12]

I think if there is every a global meltdown, it will encourage the growth of cryptos as it is a decentralized system,away from government regulation