In the blowing air of recession, people are finding a way out to secure their investment and many are reaching towards Bitcoin as a savior, so what you think? Does Bitcoin survive?
I think that it is recession that will have effect on bitcoin, I mean positive effect and not the other way round, because in the event of global recession, people would want to look for a safe haven where they would like to keep their money and I think with the exposure of bitcoin to the world, they will want to consider bitcoin market first, and the good thing about that is that money will stay more in the market than it leaves, and there will also be high demand on bitcoin because people might place large amount of money in the market to buy bitcoin, so this should make the price of bitcoin climb so high which after recession would have even made the money of such individual double And be returned back to their traditional bank.