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 is a rule that everyone sets out for bitcoin as the more turbulent the economy becomes, the higher the price of bitcoin will be. Bitcoin is now likened to Gold and it has the potential to reduce inflation greatly when a war occurs. The most realistic example is that these days the price of bitcoin continues to rise due to political tensions between Iran and the US. This shows that the crowd is accepting this new rule and we should follow the trend. I predict that the price of bitcoin will be higher and higher if the political and economic situation becomes more and more chaotic.
But while the value of it increasing the economic of oje country will fall and surely have negative effect on them. But for us bitcoin user it somehow a good news because the bitcoin become more valuable.