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RE: Stock Market Gets Battered With One Of The Worst Intraday Falls in Market History
I want to question the assertion that people will put money into cryptocurrencies during times of financial hardships.
Typically people put money into precious metals for bartering opportunities - and, historically, people see precious metals as inherently valuable. Something about those shiny objects really get people going. I just don't know if cryptocurrencies (which many people are looking at as a term of investment much like the stock market) can hold the same function.
True, this maybe more oa fantasy belief all Cryptocurrency supporters have, in reality wealth may just go back to the historically tried and tested precious metals, primarily Gold. We shall have to see I guess. Gold certainly has a good track record.