Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin Save Investors?
by
Lawrenzoo
on 11/08/2019, 18:16:25 UTC
Recession indicators in the U.S. bond market just flashed their deepest warning signals since the period that led up to the 2008 financial crisis. Can bitcoin work as a safe haven and protect investors in the event of a U.S. recession?

https://bitcoinist.com/inverted-yield-curve-signals-u-s-recession-can-bitcoin-save-investors/

Well it could help, but that is if the government too has accepted it and regulated it before the recession, which mean they will accept that Bitcoin can be spend as a currency and would not depend on dollar for merchants, financial institutions and other concerned agencies to use it. The recession we are talking about will mostly affect their fiat currency, and a weakened coin cannot be boosted by bitcoin.

I think United State government needs to really start looking into the adoption of bitcoin right now as I feel that their recession is fast approaching, and if care is not taken and put measures in place, this recession could really be a very bad one for them because it could take a whole lots of time for them to come out of it if they leave it uncontrolled.