Crypto for the Average: People will turn to Crypto in next Recession

Words
287
Reading
2 min
Listen
Play
8y

Are we in a recession already? Soon? I did some digging to find out whether the crypto market will rise or fall during a global recession. Here's some good evidence that the market will rise. If you look at various reports, headlines, etc concerning Greece, Venezuela, and Argentina it seems some have turned to Bitcoin,...and some to Dash. Though, Dash is actually being 'pumped/pushed' by the Dash organization in Venezuela. Which makes sense. Anyway,...below are just a few of various report titles, etc that I found. No, I did not provide links, but you can easily google it, and find the reports, and yes some of them are biased, so take with a little grain of salt.

*Greece's bitcoin community grows amid warnings about crypto currencies risks
*Now, interest in the country is so strong that volume on the peer-to-peer trading platform LocalBitcoin keeps setting new records on a weekly basis. Over 3,870,000,000,000 VEF in bitcoin was traded last week on LocalBitcoins, alone
*Greece Reveals Plans to Declare Bitcoin a National Currency Amid Economic Turmoil
*Greeks are now running to Bitcoin
*Bitcoin day proves crypto is thriving in Argentina
*11 Exchanges to Buy Bitcoin in Argentina (2018)
*Argentina joins in rising use of Bitcoin
*After going through 9 currencies in 200 years, and the latest one on the brink, Argentina has every reason to go crypto and bitcoin has piqued the population's interest this week.
*Dash Domination in Venezuela - Dash Force News

So, I'm not suggesting to put all of your money into crypto. These reports help me feel comfortable putting a substantial amount into crypto though. I guess time will tell.

Good luck. Don't be too greedy, don't invest more than you can afford. TTYL.