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.
This is really something that should not happen at all, we know how much money we will all lose not only banks will close but even businesses, and worst thing our local currency will have no value just like Venezuela, so I don't think that people will prefer to buy Bitcoin at that time or will prefer buying golds.