How can the global crisis affect crypto?

[JakenBake]

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.

A global crisis my scare people out of fiat.  If that happens there may be a huge influx into the crypto world.  I would think gold/silver and Bitcoin would be the main recipients of people looking to get safe quickly.  If the governments want us all in crypto this they will probably trigger the crisis themselves. 

[Apaxy]

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.

A global crisis my scare people out of fiat.  If that happens there may be a huge influx into the crypto world.  I would think gold/silver and Bitcoin would be the main recipients of people looking to get safe quickly.  If the governments want us all in crypto this they will probably trigger the crisis themselves. 

first of all governments all want to gain control over the crypto-currency market and at the same time that each user of the crypto-currency would pay taxes.

[Klintiv]

I believe that the global crisis will affect the cryptocurrency, although it does not depend on the world economy

[cryptobrzy]

Cryptocurrencies is still directly linked to the various world economies and it is evident from the Chinese new year that happened earlier this year leading to a huge sell off in the crypto market holdings. However in the case of a global crisis people will need more fiat and it will likely cause a sell off of crypto assets.

[biskitop]

Crypto value will definitely go down too. when a global crisis occurs, almost all assets will also decline, especially in their demands. it will also have an effect on crypto.

[DavidY]

I think that if there is an economic crisis in the world, it will be a catastrophic blow to the encryption market. The price of cryptocurrency will continue to fall, and money will become more worthless. People may give up investing in cryptocurrency and invest in more stable valuables.

[Sponsoredby15]

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.

If there will be a global crisis, this is where cryptocurrency will be tested because the value of fiat currency will suffer inflation. Rich people will secure their wealth by keeping gold and probably cryptocurrency because this two doesn't suffer inflation compared to fiat currency.

[d2s4]

There is the only one strong change and it is less investing that could not be done by people who don't have enough money and wish to spend money.

[viktoriya1945]

Cryptocurrency is a venture investment, first of all, when the crisis comes, investors will get rid of all illiquid assets, which include venture investments. The onset of the economic crisis will kill the cryptomarket.

[Revvo1]

Well, I think crypto will also follow suit with other economic entities in feeling the heat. However, the case of crypto may be kinda different from the perspective that people may sell off from other economic sub sectors like stock and sales of shares to reinvest into crypto, as saving place for their investments getting crushed in the collapsing economic situation. In short, crypto stands to benefit more the loss for me.

[BloodKnight]

It is unclear whether the impact of the financial crisis on cryptocurrencies is good or bad. In theory, the financial crisis cryptocurrency will fly to the moon. But maybe only one coin will take off.

[jouns]

I read the blog of trader, he wrote about the beginning of the crisis in 98 in Russia. He claims that as soon as the news arose about the possible collapse of the economy in the country, all investors immediately began to withdraw their assets from all markets and change them to the most liquid asset at that time - the dollar. I think that on a global scale there will be the same thing no one will invest in crypto if a crisis breaks out.

[alexsoul]

Cryptocurrency is a great opportunity not to lose your savings during the crisis, for a short time of its existence it is already obvious that cryptocurrencies that are in the top, bring much more profit than the best offer from the Bank.

[Samolet]

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.

There are opposing theories about what will happen to the cryptocurrency markets in the context of another global market crash. On the one hand there are bulls, bitcoin holders and traders who think that the next economic catastrophe will be a baptism of fire for cryptocurrency. On the other hand, there are bears, pessimists (they may even be crypt holders themselves) who believe that the financial crisis will cause the devastation of the crypto.

[hardhouseinc]

If there is an economic crisis than crypto will be affected because people will not afford to invest in crypto anymore and they will withdraw their money.

[royaljack200]

It will still keep going on I believe. It will definitely impact negatively and be weaker compared to now but it will stay with us. I think it will stop a rise in the new projects/coins though due to less people having the money and believing in crypto currencies.

[ParabellumLite]

Considering the growing demand for Bitcoin from the billionaires, surveys show that more than one-third of billionaires in the world are planning to invest in electronic money in the next few years and 80% of the rich The United States has been aware of Bitcoin, it is likely that the crisis will occur in the near future as experts predict that Bitcoin will emerge as a valuable repository next to gold.

[trash321]

I believe that the global crisis can greatly increase the opportunities for the integration of the crypto-currency sector into the sector of the real economy of states. Crypto currencies today are tomorrow's future.

[Awens]

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

I would say so too, but crypto is supported by people, investors, users, and if they suffer from any kind of crisis (even crypto market decline like right now), they won't move the market forward.

[dusty_daniel]

The global crisis has to influence the crypto market in a good way because it doesn`t depend on external factors. So this place is a very attractive one for keeping your money.