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
There was the eurozone crisis of 2012/13 where Greece was in trouble and they bailed in the customers of the Cyprus banks. That was the event that brought bitcoin to mainstream attention and the price soared from something like $30 at the start of the crisis to $1000 in 2014 (before falling back to $200 thanks to the Mt Gox debacle).
So yes, a global crisis will make bitcoin soar, especially in EU countries where bail-in rules apply and you could lose all your savings to bailout european banks.