Re: Financial crisis 2.0 - What will happen to bitcoin in the next crisis?
I wonder what will happen to bitcoin and the crypto market if there will be a financial crisis in the world (2008 style)
From one side people will probably look for 'safer' place to put their money in
on the other side, many people see crypto and bitcoin as a risky investment
I would like to hear the community opinions about what might happen to our market in a time of world economic crisis
I think people will sell the coins and use the money to buy gold. When a crisis or recession comes, people tend to buy more gold and hoard it for a few years. Because the price of gold is always stable and always increases when the economies of some big countries have problems.From one side people will probably look for 'safer' place to put their money in
on the other side, many people see crypto and bitcoin as a risky investment
I would like to hear the community opinions about what might happen to our market in a time of world economic crisis
As for bitcoin, I don't think so many investors believe it.
Although Bitcoin has a deflationary mechanism, its value is being decided by the market. And when the crisis came, you knew what was going to happen
