Post
Topic
Board Economics
Re: What will happen to Bitcoin if there is a global economic crash?
by
ausbit
on 09/01/2019, 06:46:00 UTC
It is a bit hard to figure out what will really happen to Bitcoin price.

We could find an answer if someone could stitch these together.

  • Gold price when crisis happen
  • China's economy is already in a bear market for a long time, will they see a bull?
  • World economy just hit an all-time high
  • Crypto has not seen a 10yr cycle yet
  • Satoshi started Bitcoin to avoid melt-downs

What do you guys think will happen and why?
Bitcoin doesn’t have anything to do with world economy, so it can’t be affected by whatever is happening. But bitcoin can affect the world economy in so many ways (but the other can’t affect it).

You might like to read this here to know five impacts of BTC to the economy https://www.newgenapps.com/blog/impact-of-bitcoins-on-the-economy-banks-finance?hs_amp=true. So it affects the economy in some ways but the economy does not affect it. I still stand to be corrected if I’m wrong. But that’s what I believe for now.