I personally do not know what will happen to the entire Crypto market, but it seems it's about to be heavily shaken up in the coming weeks.
Reddit is killing off all 3rd party apps within the next week or two. I expect a mass exodus of users there shortly after. Reddit is by far the most popular place to go for crypto news.
Binance is now being sued by the SEC. They are the #1 crypto exchange, and we all know how dirty CZ and Tether are.
The perfect storm is now coming for Crypto.
Let's see if any coins/platforms survive it. I know many here are dug into the sand on both sides, I think we are getting that answer soon on what will happen with Crypto, and it's potential role in the future.
I personally think a few will remain, but I can also see it going the other way too, it all goes POOF.
Internet taken down + crypto=no crypto vs internet taken down+gold/silver in personal safe along with numerous other tradable goods=gold/silver in personal safe along with numerous other tradable goods. Math is easy frens. Communication lines will eventually be severed to usher in a more restricted and controlled internet 2.0 and there's no guarantees your crypto wallet address will still exist or be allowed to. If you can't touch it it's not a real asset and the rug pull will come.
This comes down to how bad things get when they crash. Does 10 days of darnkess mean power and utilities too? Then we would truly understand. Crypto loses a lot of its shine when you can’t even charge your phone.
When the day comes that the average person loses confidence in the system, I doubt they will go running to cyberspace for their assets.
It's NOT "10 days of darkness"
It clearly states "10 days. Darkness".
Big diff.