Finanical Crash is good for Cryto

in #investment4 years ago

Bitcoin was created in 2009. That same year the world financial systems were failing. People were so afraid that bank withdraws became to much for so banks to bear and they went bankrupted.

Still out of all that devastation came the creation of a functional cryptocurrency. Since this week the US market has been so volatile it reminds me of 2008 right before the bear stock market.

If there should be another stock market crash I think a big flow of investment will come into crypto.

Looking back if the first crash was part of Satoshi's motivation to create bitcoin I would imagine the next big innovation in the crypto space will come. What do you think?

Sort:  

Agreed! And metals.

Posted using Partiko Android

Makes kind of sense but I don't think conservative money will touch crypto.

Posted using Partiko Android

I agree with you, I think though that it would still come down to liquidity and acceptance. The process to turn crypto into good and services is still very much in its infancy.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by mawit from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.23
TRX 0.06
JST 0.029
BTC 21028.25
ETH 1620.75
USDT 1.00
SBD 2.88