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RE: Exploding Household Wealth Set to Pop Market Bubble, Will People Flock to Crypto?

in #cryptocurrency6 years ago

I think crypto will be a safe haven during recessions. The recessions are caused by manipulation, debt-based offsets, and outright greed. Many of the factors that cause the economy to crash are untouchable in the cryptoshpere.

I think a lot of people at the top will be looking for a place to mitigate their losses, and crypto will be right there waiting. This will create a chain reaction effect of FOMO/FUD pump/dump action just like we saw last winter.

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Yup, sounds right ;) Fomo pumps will be big then, as ppl scramble to mitigate the losses from traditional monetary system as quickly as possible once they realize their options ;)