What Happens To Ripple (XRP) If Value Of Bitcoin Crashes?

The value of Bitcoin, well most of it anyway is in the hands of a few very rich people who will lose most of their wealth if Bitcoin crashes. Analysts say that this will have little impact on the entire crypto market. Others, however, don’t think the same.

A lot of experts believe that there will, however, be a lot of collateral damage. When we face a huge drop in the price of Bitcoin, there is a high chance that many companies rather than shifting to other currency such as XRP, will much rather go with fiat currencies like the dollar. This will lower down the liquidity of the market and will leave very bad consequences for the entire market. However, the biggest players on the market will consolidate and continue their road ahead; the problem is that many exchanges would go out of business.

There is almost no doubt that currencies such as Ripple will be affected in the beginning of the crash. Their prices will also go down but it is expected to balance itself later on.

If Bitcoin crashes, we should expect a lot more regulation from governments around the world. We can see it happening already in South Korea, China and now India. You can see the news about India’s decision here!

Also, France demanded that the G20 should reconsider much more strict regulation of cryptocurrencies. There will also be a lot of political pressure and a lot of complaints from users and customers.

So, while it is not clear what would happen to Ripple if the value of Bitcoin crashes, there will certainly be some devastating effects.
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All in all, the cryptocurrency market is right now in a great position and measuring some nice gains – making us never think about a scenario like this one.