RE: Will The Virus Kill Cryptos Too13 Mar 2020 08:14
Well Bitcoin is a trendy crypto currency that relies heavily on their being a normal, functioning world out there for it to circumvent. That is fast disappearing. In the real world, people are grabbing at toilet paper, and dried pasta and rice - who knows if the Internet may go down in parts of the globe.
You can't eat Bitcoin. A few more weeks of this and all crypto currencies will be worthless. People will want cash in hand, or gold in hand, or barter goods in hand. I think, overall, hipsters, millennials and Gen Z types are in for a shock - especially when, in the weeks ahead, they find their "gentrified" parts of London aren't so gentrified anymore.
There is clearly a storm coming, and before we know it this former world - of froth, of Bitcoin, of living vicariously through Instagram - will begin to pass away.