It is a bit hard to figure out what will really happen to Bitcoin price.
We could find an answer if someone could stitch these together.
- Gold price when crisis happen
- China's economy is already in a bear market for a long time, will they see a bull?
- World economy just hit an all-time high
- Crypto has not seen a 10yr cycle yet
- Satoshi started Bitcoin to avoid melt-downs
What do you guys think will happen and why?
There's a possibility that bitcoin would be affected if the world experiences an economic crash. Considering the fact that large countries like China would be included in the crash, having China as a huge contributor in crypto can already explain why bitcoin would also be affected in the crisis. Bitcoin's market value usually depends on how many of it has been mined and how many are investing on it. If ever a crisis occur, let us hope that bitcoin would only get mildly affected so that it can help revive the economic failure.