Historically, it can be seen that the crisis is always followed by a depression. We can trace it to the basis of economic scientific work.
Let’s take a look at how that works and if there is any way to reverse this process.
The same conclusion of the two works
We have already written about the Great Depression during the 1930s. We compared its similarities with the crisis that awaits us due to the pandemic. Two major works, one from 1963 and the other from 2010, came to the same conclusion.
Based on this work and experience, we, as humanity, were able to significantly reduce the economic impact in 2008. Even so, the banks could not get back on their feet so quickly. They hesitated to lend and the economic recovery could not happen until the banks were stabilized in a better position.
A new player has joined the market
But this crisis has brought something different. When there was a financial crisis in 2008, a new player entered the market. A cryptocurrency called Bitcoin. Since then, the cryptocurrency market has developed and floursihed. In the light of the crisis we are entering into, we can turn to a strong protection against inflation. Now we have a strong weapon againts depression.
Investing in cryptocurrencies is risky, so it is necessary to study everything properly and possibly consult the investment with someone who understands the area. You don’t have to invest much, smaller amounts and regularly are fine. However, if you want to protect your assets from inflation, you need to start as soon as possible. Entering the market today is very easy, but you need to be careful.
Unfortunately, the crisis is inevitable and will affect us. However, no one knows how great its impacts will be, but it will affect everyone. Making your money work and protecting your assets is more important now than ever. We have experiences and a way to prevent depression this time. You just need to remember the golden rule of investing: invest only as much as you can afford to lose.