However, nothing new, crises are an inevitable part of the market economy, and taking into account the globalization and interdependence of international economic relations, its consequences are felt by absolutely all countries.
February 5, 2017, the industrial production index Dow Jones showed a drop of 1200 points. He has never fallen so much in the history of his existence. According to Bloomberg, the 500 richest people in the world lost 114 billion of dollars in one day and all the shares in the US stock market fell on average by 10%. Warren Buffett and Mark Zuckerberg, Jeff Bezos, Larry Page and Sergey Brin have lost 2–3 billion dollars. Another pair of alarming indicators — the growth of the Swiss trademark, which always worries in the face of crises, and an insignificant but still rising gold rate.
What about the crypto-currency? The market of crypto-currency after the January shock therapy for traders on short positions finally went up. It is fair to assume that part of the investment from the stock market will be poured into the market for crypto-currency, for the reason that in this relatively new fast-growing sphere the blossoming is just the same. Bitcoin, despite falling more than 2 times per month, still made 400% per annum, the number of crypto-currencies on coinmarketcap exceeded 1500, there is an increasing number of promising ICO projects, like IZX https://izx.io/, the established crypto-currencies branch out on forks and overgrown with a community of enthusiasts.
The fact that the big guys of the financial market will take up the market for crypto-currency is both good and bad at the same time. It is good, because the market capitalization will increase, more interesting projects will receive financing, the Bitcoin and Ether rate will skyrocket, but not immediately. The downside is that the crypto-currencies will finally turn into a speculative instrument and a financial bubble, and their value will be little related to the practical use of the technology they carry.
Well, keep the crypto-currency — if it is, buy the crypto-currency — if it is not there. Stocking up on popcorn and watching the emergence of new large professional and regulated brokerage houses that will specialize in trading with crypto-currency.
Of course, this will be a bubble, but after the last bubble bursts, it will only be invested in canned goods and weapons.