Quote from: shivamtrivedi9090 on Today at 01:23:07 PM

Can people consider bitcoin as a shield against the Financial crisis?

No doubt, during the unexpected Covid Pandemic when the world economy is shrinking and the global economy in recession time after the 2nd world war, the Crypto market was on its boom and proven itself as the best currency of the world. Bitcoin jumped above $23,000 to a three-year high recently as a growing number of investors backed it as an alternative to other assets. Investors take their look at the bitcoin investments and its long-term benefits. Many people around the world choosing bitcoin investments because of its massive success.

But in spite of all these, Is it really capable to recover us from Financial Crisis?

It's not three-year high, it's all-time high, I believe. And initially Bitcoin didn't do great with the pandemic and the price fell down massively. But since Bitcoin has this advantage of being immaterial and independent of the traditional economy, it managed to recover pretty nicely and even reach new highs. However, Bitcoin is volatile, so it might go down anytime now, and might not reach similar highs for years. So it's not something to rely on, it's still very risky.

Quote from: Jawhead999 on Today at 01:54:27 PM

Not at all time investors are get profit by investing in Bitcoin, especially for people who bought on the peaks.

If someone bought even at $20k back at the beginning of 2018 and hodled till now, even this person is in profit now. There are probably many people who lost money investing in Bitcoin, but that's because they didn't hodl long enough.