I expect the coin markets to take a hit as well. In a recession, people stop spending to preserve their cash and ride it out. I would expect the weaker coin ex

I expect the coin markets to take a hit as well. In a recession, people stop spending to preserve their cash and ride it out. I would expect the weaker coin exchanges to go under for lack of trading activity. As word of this spreads, fewer people will be buying coins for fear of having their coins held by a soon-to-go-under exchange. Lack of demand will then drive exchange rates down.