Post
Topic
Board Speculation
Re: Is Bitcoin the ultimate hedge against the upcoming financial crisis?
by
truehedge
on 16/12/2018, 03:27:24 UTC
i don't think there is any ultimate hedge in case of  a global financial crisis. and bitcoin is not yet ready for that kind of adoption although it has a lot of potential to be one. so i'd say bitcoin would be a pretty good choice but it can't solve all the problems.

Bitcoin (core) as it's the oldest, largest crypto

"bitcoin core" is the name of a full node/wallet not the coin itself. the coin is simply called "bitcoin".

bitcoin core - ok fair point I put in the brackets the ticker instead (BTC), my point is that it's not confused with any of the forks.

Regarding the crisis - I don't mean crisis where the electricity stops working and those who have canned food, guns & ammo are the ultimate winners. I meant something at the 1930s or 2008 level.

Therefore I don't expect that all the banks and all the cash will be distrusted and the only way to go forward would be crypto money - this might happen at some point but probably will take one or two more crises.