Financial analysts are screaming out that the next financial collapse is due, and that it'll be worse than in 2008.
Since the automotive industry seems to come to a halt, automotive loans at an all time high and the real estate seems to be in a bubble again, especially in sunny Australia, it may actually be possible. And with the US debt once again being on another record high, Venezuela on a brink to collapse (some say it has already collapsed since a lot of supermarkets are sold out...

and the inflation rate got so high, that you can not buy anything with it's fiat currency anymore...

And the European unemployment rates being on a record high with nearly 1 out 5 people being unemployed in Spain and even 1 out of every 4 people not being able to find any job in Greece...

It looks like it could be possible to experience another financial crash.

What If?

What if it really happens? Your fiat currencies will probably lose some of their value, but what will happen to cryptocurrencies?

Since Bitcoin is valued in fiat currencies like the US-Dollar and the Euro, will the value of BTC also drop with dropping fiat prices? And what'll happen with other cryptocurrencies? Will they suffer the same fate as BTC?
Probably yes, BTC and all cryptos will lose in value since they are measured in fiat currencies, but ...

What about those gold-backed cryptos?

It may be possible that real gold-backed and blockchain based cryptocurrencies like onegram, aurum, zencoin etc. may be the survivors of a financial crash, ofc, next to real gold and silver. So it's definitely worth having a look at all gold-backed cryptocurrencies which we will cover in our next post.

Cheers and stay Stay tuned!