Post
Topic
Board Economics
Re: What will happen to Bitcoin if there is a global economic crash?
by
bettercrypto
on 29/12/2019, 15:22:52 UTC
IMHO bitcoin has nothing to do with the world economy or the economy of a nation..

Bitcoin is a peer to peer electronic cash,it has no connection whatsoever with the government,if there is a global economic crash, then the only victims would be the FIAT currencies of our various nations

Bitcoin is at an individual level, that's why it's called a decentralized platform,free from the government and it's regulatory body and any economic meltdown whatsoever,it only affects individuals directly or the mass of users in general

The system can only be affected based on the demand and supply of the currency
Probably if there is 0 demand for the bitcoin,then that could signal the end of the currency(which is not going to happen)

Bitcoin would thrive even in an economic crash or meltdown
I hate when people talks about bitcoin like it is a God. A changing life for all. Bitcoin is a peer to peer network designed to have a decentralized and transparency that includes the use of technology. It is not the reason to raise economic growth. It is not also a savior for a dying economy. Let us not all depend in bitcoin because it is like a fiat. An updated paper money.