Bowen GallegosNov 25, 2021 · 3 years ago3 answers How do recessions affect the demand for digital currencies?
During recessions, how does the demand for digital currencies, such as Bitcoin, Ethereum, and other cryptocurrencies, change? Are people more likely to invest in digital currencies as a safe haven during economic downturns? How does the fluctuation in traditional financial markets impact the demand for digital currencies? What factors influence the demand for digital currencies during recessions?