They are not net positive when it comes to stuff like gold though, I mean people do not pick the "safer" option of gold because in the end because of the rate cuts the stock investments and even other stuff becomes much more safer and since they are safer people do not go for the gold type safe options.
This is why bitcoin will not be affected by this, I mean we are talking about people who are moving from a safe option to another safe option, bitcoin is so crazy we literally went from 1k on 2017 summer to 20k on 2017 December to 3k in 2018 November to 10k in 2019 June, that is like 1.5 years of INSANE movements which means those people who prefer stuff like golds or stocks and looks for rate cuts will not be actually going to bitcoin route. These are "safe" people and bitcoin is not for them.
Indeed. The current trend is the movement to "perceived" safe assets such as gold, T-bonds and fiat currencies such as CHF and YEN. Some investors do have residuals in BTC, but these are already invested and won't move anytime soon.
This is in anticipation of a next bust of the global economy, and that capital will stay put for a while. This may or may not happen. If nothing comes to past, then the capital will re-enter the market in due time. If something does happen, well.. the same, but with a longer timeframe. Regardless investors want dry powder, and they want it now.
To put it simply, its unlikely BTC will reach a new high until the S&P500 reaches a new high.
A worldwide financial calamity may not be as positive for the health of BTC as many may think.