Everyone seems about predicting the future of cryptocurrencies. Well, what would be the future of cryptocurrencies if a Worldwar or a massive war breaks out ?
Would Bitcoin, Ethereum, Steem etc still make it alive from it ?
Will they be smoked with other things in the war ?
OR
Will they take over as the only reliable financial system across the world with the war ?
Well, I wish that day never comes but if does, i believe the cryptocurrencies might become the only reliable financial system.
As the currencies of most of the nations will start to fluctuate and US dollar will not remain as resilient as it is, because in every scenario of a WW3, USA is always there. so USD will get affected.
But even if the WW3 breaks out, there will be some places and countries that won't get affected that much as there are a few countries which always remain neutral in World Politics and some has geographical location which can save them from the catastrophic event.
With that, somehow the internet will keep running and online systems will remain intact, and the safest financial system in this event could be the Cryptocurrencies.
So for me in any such undesirable and unthinkable event, Cryptocurrencies might flourish.
Pic Credit : https://pixabay.com/en/nuclear-atom-bomb-atomic-science-2136244/
In that kind of scenario I think gold and silver crush both fiat and cryptocurrencies.
Cryptocurrencies require a function global (or at least regional) computer network. If the world wide network is severed so that it is a bunch of mini-networks that can't contact each other, then this whole system could easily fragment and fall apart.
even in the worst case scenario, there wud b some parts that still will hold computer network and internet going on... that is the advantage of decentralized network and that is what could be beneficial for crypto network.
The prices would go up, just like the price of any god damn thing would in a world war.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by a4illusionist from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.