I think in places where fiat is volatile and btc accessible, btc may be a decent backup. Aside from buying btc in anticipation, I can't see people willing to part with cash for btc, even if the cash is dropping in value each week. In that situation, I'd be looking for the government to step in or the value to go back up just because it isn't human nature to expect currency crashes.
RE: How Would a Financial Crisis Affect Cryptocurrencies?
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How Would a Financial Crisis Affect Cryptocurrencies?