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?
I think bitcoin will also withstand such crisis because it can never affect the entire world at the same time. Bitcoin very strong today because it is fast, secure, and decentralized. If the economy of one country fall that doesn't mean the bitcoin will also go through the same situation. Bitcoin is a currency that is acceptable everywhere around the world because it offers global payments. The bitcoin has limited supply of only about 16.7 million bitcoins in circulation worldwide at the moment, that is makes bitcoin every valuable.