Post
Topic
Board Speculation
Re: Bitcoin price and financial crisis/downturn
by
wuvdoll
on 06/09/2017, 11:56:53 UTC
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
Bitcoin is an alternate investment type for rest of people who are usually treating investing into dollars/stock as their prime investment vehicles.

So, on the event of financial crisis, people will rush into gold kind of "other" investment opportunities where now a days they are having another opportunity with bitcoin investments. When people do not have faith on their local economy then they will go for international opportunities hence we can expect bitcoin to upsurge on the event of global financial crisis.