Post
Topic
Board Economics
Re: About world crisis and criptocurrency
by
iamTom123
on 16/10/2017, 12:38:59 UTC
Hello. What will happened with cryptocurrency if it was world crisis? wha do yu think?

Many people are actually wondering about this scenario and there is no concrete answer yet because we still have to undergo a global crisis that can be able to put everything on suspension. However, based on the historical data about gold, many people would be using it as the safe haven in case there would be worldwide crisis. Maybe the same thing will happen with Bitcoin as it is already considered as the digital gold.

In my own personal perspective, I am really inclined to believe that Bitcoin will dramatically surge ahead in case if there would be a big economic problem akin to the 2008 crisis that hit USA. One inkling was what happened at the height of the "word" war between Trump and that fat boy leader of North Korea (I don't care about his strange name never got the time to Google it) there was a marked increase of demand at that time and hence the value spiked. Now the same thing can happen if there would be a major conflict and chaos.

Of course, we should not be wishing for any disruption to happen because it can be painful to many people to be affected.