How will a global financial market crash & crisis affect cryptocurrency?

In this video I share my thoughts what I think will happen to cryptocurrency in the case of another (inevitable) global market crash and selloff.

Gold and precious metals have always been the go-to safehaven asset class in turbulent economic times, but this time cryptocurrency may just replace gold and precious metals as a safe haven.

Cryptocurrency is easier to store, easier to transport and easier to pay people with than gold and precious metals. It is also hard-capped in supply (like Bitcoin) meaning it is likely to appreciate in value as more people start holding it.

Looking at gold in the 2007 crash, gold did sell off during the crash but recovered and went much higher. I suspect the cryptocurrency markets will initially sell off during a golbal market crash, but afterwards recover and move much higher as people turn to cryptocurrency as a way to safeguard their savings and money.

#marketcrash
#cryptocurrency
#financialcrisis

Disclaimer: This is NOT financial advice, purely for educational purposes and reflect my personal opinions only (which may or may not be correct).

Cryptocurrency is highly volatile and a very high-risk investment.

Please do your own research before investing into cryptocurrency and never invest more than you can afford to lose.

How will a global financial market crash & crisis affect cryptocurrency?

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Kane Dane