Can cryptocurrencies save us in this situation?

in hive-120019 •  2 months ago 

Can cryptocurrencies save us in this situation?


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The recent coronavirus outbreak has killed thousands of people all over the world. It has not only killed people by its venom but, it may also kill millions of people by starving them when the effect of virus attack will eventually collapse the world economy. Traditional economy has already started manifesting signs of slowing down as economic activities are restricted in many parts of the world.
Can cryptocurrencies save us in this situation?


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  • No.

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Decentralization could help to lessen the 'normal' financial effects of this whole situation.

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Many countries already have an economic crisis for over 15 years. The Netherlands is one of them and so are many European countries. The USA is bankrupt since years.

To be honest I expected the value of cryptocurrencies would increase now. Who knows it will in a few weeks if everyone is home, bored, has time to figure out how it works and how it might benefit them.

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this is why bitcoin was made

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