Hi,
Up to now, Bitcoin hasn't gone through financial crisis. Maybe one financial crisis is near (look at financial market overvaluation)
in case of financial crisis, bitcoin price could
-collapse as big money people will withdraw from any investment,
-surge as BTC could be seen as an escape to current financial system
-remain stable
Do you think that in case of a major financial crisis like in 2008, bitcoin price will collapse, surge or remain stable?
thanks
Interesting scenario.
Actually since bitcoin is decentralized i think that would be what saves bitcoin from being negatively affected by the financial crisis. Usually in the financial crisis, especially if it is inflation based people are looking for a safe currency that would store their wealth in the long run and not having to worry about it in the long run.
Bitcoin is perfect for this purpose. Commodities and stocks will be worst hit, but bitcoin probably will actually going up because of the increase demand in something that people can safely put their wealth in and forget about it and know that nobody can print more of it infinitely.
I am agreeing with you in a situation like bitcoin previous and present value and position in the world market. I think bitcoin price will never construct with the financial crises, because it totally depends upon the demand of the people.
If the people want more and more bitcoin to buy and save it for their future then financial crises around the world will never affect bitcoin price and value. One thing that if people have no money due to financial crises then its demand may be affect.