[ShapesShift CEO] Cryptocurrencies will boom during the financial crisis

[mudyak99]

There could be a major spike in the price of Bitcoin and other cryptocurrencies because of the rapidly growing level of US debt, a leading industry expert has claimed.
He said: " when the next global financial crisis occurs, the world will realisr organisations with $20 trillion in debt can't possibly ever pay it back."
His theory is the debt level of world economies is unsustainable and will put states under pressure the next time there is a financial crash.
As a result, he believes quantitive easing will have to come into force, the process whereby goverments print money, to help pay off the money they owe.
He believes this in turn could lead to more people investing in cryptocurrencies. However, digital currencies are also a financial risk for investors due to their history of extreme volatility.
In 2017, Bitcoin's value rocketed to more yhan double ita value, reachingg a high $19783 in December. However, it then plunged in 2018 to a low of less than $6000 in June. At the time of writing Bitcoin is worth $6367.36

Source : https://www.express.co.uk/finance/city/1043701/bitcoin-price-latest-update-cryptocurrency-increase-value-us-debt

[Spendulus]

There could be a major spike in the price of Bitcoin and other cryptocurrencies because of the rapidly growing level of US debt, a leading industry expert has claimed.
He said: " when the next global financial crisis occurs, the world will realisr organisations with $20 trillion in debt can't possibly ever pay it back."
His theory is the debt level of world economies is unsustainable and will put states under pressure the next time there is a financial crash. ....

Same old theory that's been used to push gold, silver, real estate, all kinds of non-money assets for decades.

[tycsols]

If this theory will be successful then it will be huge for crypto as it will emerge as a real alternative market for traditional finance and investments, crypto can really surge in such a situation and with the current level of debt on US and other major economies around the world we can expect some kind of financial crisis soon, i hope crypto will become the savior of common people in such times.

[cabron]

The volatility of cryptocurrencies are always going to be reasons for the dislike but there are much more to like in crypto because of blockchain. I think the stablecoins are the ones going to be there that will make this economy greater than the old market. Crypto will be the fall back whenever crisis happen and the 10 years of BTC is strong proof for them to see things.

[IVEXO]

Everyone says this and that and cause several speculations which is rather not important in trading
Just focus and neglect this people
They have the wealth and can say whatever they want

You chase the wealth, so focus and earn from your tradings

[bartolo]

The volatility of cryptocurrencies are always going to be reasons for the dislike but there are much more to like in crypto because of blockchain. I think the stablecoins are the ones going to be there that will make this economy greater than the old market. Crypto will be the fall back whenever crisis happen and the 10 years of BTC is strong proof for them to see things.

The problem with the stablecoins is that they are allegedly backed by fiat money, is people going to run away from fiat money to take shelter in fiat backed tokens?

[Crypdon]

When Donald Trump starts to shill bitcoin then you know you're onto a winner! Unless they sell all of their military arsenal there is not way they can repay that debt, it's bitcoin all the way, they had better start to hodl

[paxmao]

Why not... the cryptos may be seen as a reserve, particularly bitcoin which has proven to be much less volatile than the rest of the top 10. Perhaps the institutional money will provide enough liquidity to make it the new gold.