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How will the recession impact crypto? Theses, questions, and lessons.
May 5, 2020 ⋅ 6 min read
“The range of possibilities has narrowed.” Says Warren Buffett at Berkshire Hathaway’s shareholding meeting, referring to covid-19. While that’s true for medical matters, I fear that the range of possibilities has widened for economic matters. No one has a crystal ball on the true extent of the economic damage for at least a few more months. Case in point, Lehman collapsed 6 months after Bear Sterns.
Crypto is no exception. And that begs the question: how will our industry be impacted by this crisis?
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