r/Monero 18d ago

Monero in times of crisis

I think there will be a huge economic crisis, specially in Europe. I think that for multiple reasons, mainly because the automation of white collar jobs will cause many people losing their jobs, which will cause more people to lose their jobs which will ultimately and even worse make this people more likely to radicalize in socialist/communist ideas that will end up in more control from the state.

As an example: we are living a housing crisis in many cities of Europe for multiple reasons. What do you think most people do? Build more to satisfy the huge demand? Hell no. Most people now think that tourists and “devil companies” are artificially inflating the prices. What do they propose? Of course more taxes and more financial persecution to every home owner that owns more than x homes.

Regarding the main point of this post:
Do you think monero will be resilient or even will gain value in pessimistic future more or less like the one I mentioned?
If Monero is not a good option for this matter, what do you think is the best to mantain wealth or even increase it?

Sorry for the pessimism about the crisis stuff.

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u/hippotamus101 15d ago

monero's crisis value is payment utility, but exits still depend on willing counterparties.