It's going to be interesting to see how cryptocurrencies react to a protracted financial crisis. Time to see if the money in crypto is a hedge or if it's a risk-on asset.
bitcoin is the new gold. Which is unfortunate, because the more it's treated like a commodity the less likely it will be used as an actual currency.
What needs to be said: it's both a commodity and a currency. It's never been seen before so a lot of folks doubt its potential.
That's a good thing! Bitcoin is currently no scalable enough to be a world currency. It is a great digtal asset. Other alt coins might be better at being a digital currency like Lite Coin, Dash, etc...