I see it hurting adoption really. Less people with revenue they can do without and more tightening of money to necessities which would require a bank still.
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
I see it hurting adoption really. Less people with revenue they can do without and more tightening of money to necessities which would require a bank still.
Posted Using LeoFinance Beta
This seems like more of an investment standpoint to me.
I'm referring more to the cultural side. All spending and investment will decrease in recessions by definition but high end spending habits often precede the recovery and mimicry of those high end spenders are usually where we acknowledge the green shoots of recovery.
More people taking vacations, renovating houses, new car sales, department stores being chosen over Walmart and Dollar Stores, etc.
When the high end trends start returning its usually the first indication of a recovery and those trends usually tell us what the recovery is going to look like culturally. In this case, the mimicry that sets the tone will likely be spending crypto for status which means greater investment and more real adoption instead of the novelty and speculative adoption it enjoys today.
Hopefully we'll stop hearing about how early we are lol
Posted Using LeoFinance Beta