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?
Likely go along the road to the crazy type of it. Bitcoin would not react to it rather it depends on the one thats using it. It is likely to be low if there was such as that. Gold is a different story it is a physical material however Bitcoin surpassed its value over just 10 years and gold have been going since ages.
I guess bitcoin was reacting like "BLAH! BLAH! BLAH!", because crypto currency were always ready on economical crisis. In addition more people are expecting good services from bitcoin together with the other altcoins that's why they were invest in this coin.
Im looking forward that bitcoin value was not affected any problems happen in digital currency.