What if World War 3 breakout ?
Do you expect bitcoin and other cryptocurrencies to go down in price ? As people will swtich to hard cash or gold?
Note : There are wide power outages, servers getting down, no electrictiy and everything bad you can expect if WW3 happens
I think that bitcoin is more relevant in a hyperinflation scenario than a total war and destruction scenario because bitcoin is a good store of value much like gold.
Bitcoin has been dubbed the digital gold by many people.
When electricity is cut off worldwide and countries cant communicate to each other, then really bitcoin is worthless. Bitcoin is built on the internet. If the internet doesnt work anywhere then there is no way that youre going to be able to send any amount of bitcoin.