The challenge is there is still the traditional mindset. This means when things go south, as they likely will, the rush is to cash.

Of course, there is a problem since all the stimulus locked more USD in the domestic banking system. We saw how there was a liquidity crisis 18 months ago, it is going to be worse this time.

That will siphon a great deal off the global economy. I think the knee-jerk reaction is simply going to lead many to sell anything viewed as risky, including cryptocurrency.

Remember, most simply see it as another financial class.