Actually if global crisis happens, cryptocurrency will become a trend and people might use it as a place to secure their wealth. That means cryptocurrency will be affected heavily by it.
The thing is that we don't know how people will react by that time. It's easy to say that crypto is the perfect hedge, but don't underestimate how the majority still prefers gold over anything else as safe haven asset.
Gold has proven to be a reliable asset for thousands of years, and with how widely accessible it is in all shapes and forms, and with how it offers a market that's 10000x more liquid than crypto, why would people go for crypto?
If that isn't enough, crypto doesn't even scale yet. I'm a believer in Bitcoin, but I'm realistic at the same time. Bitcoin has a long way to go before it starts to convince people to ignore gold and go straight for Bitcoin.
many people said it has nothing to do with it and won't get affected even though we are facing a global crisis, that was why i said cryptocurrency will be affected heavily by it.
i am totally agree with you about Gold, but we are not talking about Gold right ? as far as i remember we are talking about crypto,crisis and blockchain.
so do not you think it is a little bit out of topic ? if we are trying to explain it in general, i believe people will prefer to secure their wallet in form of precious metal(gold,silver, etc) and house.