Will A Bitcoin Crash Affect Our Economy (And How)

Have you been wondering what would happen if a massive Bitcoin crash occurs – or what effects would that have on our economy?

If a massive fall in prices occurs, there would be both losers and winners. Experts such as Adrian Lee who teaches at the University of Technology in Sidney, says that the crash would unlikely have an influence on the global economy. This might be because not that much money is invested in Bitcoin as they were in the dot-com bubble. In the dot-com bubble, there were trillions of dollars spent compared to the billions of dollar in bitcoin.

Of course, I mentioned the losers before. There will be a financial meltdown for people who bought Bitcoin at a very wrong time; while other would be very happy they waited to buy it. The miners would probably get the biggest hit because they will lose a lot of money buying machines used to mine bitcoins. So could a bitcoin crash lead to a bigger global crash?

I personally don’t think so, but feel free to disagree and explore more on this issue starting here on this SITE!