Quote from: styca on October 03, 2019, 06:01:43 AM

I think there's a difference in how Bitcoin will be affected with a recession now, and how it would be affected in say ten years' time, when I assume Bitcoin would be a part of everyday life.
Currently Bitcoin is still a risky asset with high volatility. I don't think people would see it as a safe haven against the turblunence of fiat - with the exception of really dramatic scenarios such as hyperinflation and currency collapse.

The future however I think is different. If we assume Bitcoin continues to develop, become more stable in price - or at least more resistant to abrupt changes, then there is every reason to see people in the future flocking to BTC as a more convenient version of gold.

The simple language is whether cryptocurrency is a necessity in a digital economy or is it just a choice. When someone assumes that cryptocurrency assets are not safe, it is actually not based on the problem of volatility alone but rather because beginners do not understand how cryptocurrency works. Beginners are desperate to invest in cryptocurrency but do not understand the product knowledge.

When talking about investment options during a recession, gold and silver are definitely the safest winners. The safest is not necessarily the most profitable. Going forward, Bitcoin will grow even more because in principle millennial generation always follows the trend. Now and in the era of digital financial technology, bitcoin will be an option as long as many people understand the internet, blockchain technology and the spread of internet connections evenly throughout the world.

The hope is that bitcoin will become a way of life, and to be a way of life must be easily accessible to everyone.