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.
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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