Quote from: orions.belt19 on January 07, 2018, 05:00:48 AM

I guess it would depend on the nature of the crisis and people's behavior during the crisis. I'm not sure if many would run to an intangible asset once a crisis occurs. If people choose to panic sell and dump all their coins, then the value would drop or possibly crash. Gold may have been able to withstand a crisis however bitcoin may not be that resilient despite that its decentralized. Unlike with fiat, it does not have the same kind of use for people yet so it's hard to tell how it will fair in a crisis. The thing is, it's going to be affected for sure in any part of the world that it is in.

Exactly. What financial crisis are we talking about? What will be the underlying cause of this crisis?

The 2008 crisis had it roots in something called the The GrammRudmanHollings Balanced Budget Act. This law was enacted in the 80's and resulted int the sub-prime mortgage which lead to the banking and financial crisis.

Will the nearly trillion dollars invested in cryptocurrency and trillions of dollars to follow contribute to the next recession?