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?
In the event that the economy breakdown, you would lose access to credit. Banks would close. Request would surpass supply of nourishment, gas, and different necessities. In the event that the breakdown influenced neighborhood governments and utilities, at that point water and power would never again be accessible.
When this happens, gold price will surge because it is a stable investment for decades. People will be forced to go back to it for assurance and Safety of capital.