It has been 10 years since the 2008 financial crisis and there are a number of financial experts out there predicting doom and gloom to hit the financial world this year. To be fair, every new year brings new crazy predictions, so, although I am not reading too much into it, It did get me thinking - how would bitcoin hold up during a financial crisis.
We know gold is able to withstand a crisis, but with the price of gold very much being controlled nowadays, it might not be a good idea to use them as a comparison.
Interested to know peoples thoughts on the matter, what do you think would happen to bitcoin during a financial crisis?
As you said bitcoin bring new surprises with every year so we can expect this to happen in this year too.Yes the if there is a financial crisis it will affect the bitcoin price too because people will sell their bitcoins to make money so the supply will increase and demand will decreased.But gold is different from cryotocurrency so gold can withstand even there is financial crisis but bitcoin maybe not able to withstand the price will fall.