people always try to look for spots which could give them more utility and are less prone to the inflation like gold and silver and this might also give them an opportunity to realize the potential of crypto and start investing in it to prevent the loss in the values in the financial crisis. Though it is yet to see the impact of financial crisis on the crypto market but i believe that the devaluation will not be as much as in other assets.
Gold and silver has always been the safe haven in the past when it comes to storing value, and they still are when people are trying to run away from the inflated fiat system. Now, that we have the crypto space which actually stands a huge chance of being in this category, there is certainly no doubt at all that the potential as a store of value is hugely there. One thing I know when it gets to this stage of a financial crisis in a country is to see people trying to find a safe spot, and in this case, I believe the crypto space even though it is young, can still be classified as one.
I see it no big threat for the whole crypto market because i don't think that the people of Italy will follow that lead and beside Italy is a small country that i don't think they have trully a strong support in crypto currency that might influence other people to be afraid of this investments.
Not even a single threat actually. I remember some of the things that happened in some parts of European countries in the past, and when banks were trying to do somethings very strange which would affect a lot of people, we started seeing a lot of people seeing the crypto space as a safe spot for storing value. I cannot remember the incidence but I can remember Spain was involved. Italy may be a small country, but the reality check is that, even if there would be any impact at all when it comes to crisis in Italy, it will only be a positive one.
