Yea I definitely think that as economies worsen and shit really hits the fan, cryptos will boom more. Look at the charts for gold during every recession. Boom and then bust and bubble pops and it comes down to where it was before. A lot of the economic uncertainty money is already in the markets for current conditions....so until things start to really worsen, I think it's already been priced in.
Many of the top market analysts I follow are predicting a huge stock market correction to happen soon and ultimately the DOW is predicted to get down to $3,500!!! Cryptos will probably boom then. Just remember the higher the push, the harder the crash. My Dad put it into perspective a while ago that you should picture markets like people holding up a roof...the higher they get the more tired they get and you need a lot more people to sustain the roof at those levels. Otherwise they'll get too tired and it'll collapse.
The problem we have there however- If economies do crash to that degree, who would selly crypto's in order to hold fiat! Many are predicting a larger crash than 2008, so surely as the economy recovers (at a slow rate of course) crypto's would fall (at an equally slow rate) and not burst as starkly as once thought? Theres also the chance of hyper or mass inflation if the predicted crash is large enough, which in that case- I genuinely don't know what could happen haha.
No one. They would sell goods and services for crypto.
Yep. That's what I've heard too.....basically biggest correction/crash since the depression. Like I mentioned, DOW predicted to hit $3,500! That's insane..... However, good news (great news) is they're also saying it'll be the buying opportunity of a lifetime.
Again though- the question still beckons as to whether or not someone would want to buy back into a market primed for potential hyperinflation depending on how much quantitative easing is needed to reignite the economy?
So I'm just trying to have and save a bunch of money so I can be ready and buy buy buy when it's time :D