A common thought experiment in the crypto community is to ponder how cryptocurrencies would fare in the event of another global financial meltdown.
It is not an idle question. There is a host of troubling developments in the global economy: the threat of a trade war, jitters in Italian debt markets, problems at Deutsche Bank and new emerging market crises in Turkey and Argentina.
Meanwhile, central banks, led by the U.S. Federal Reserve, are tightening or signaling tighter monetary policy. That's putting a brake on the huge gains that low interest rates and quantitative easing had bestowed on global markets in the eight years since the end of the last crisis.
With this combination of risk factors already in play, there's always a chance that some unforeseen trigger could set off another terrified rush for the exits among global investors.
What would the impact be on bitcoin and other cryptocurrencies?
Read More Here: https://www.coindesk.com/what-would-happen-to-crypto-in-a-global-market-meltdown/
