Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.
Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.
As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.
now is living proof that bitcoin has really helped to ease the economic crisis in the whole country. if we compare the current price of bitcoin with the price of bitcoin in 2020 the difference is very far, especially if we compare it to 2016,2017 and 2018, the price of bitcoin at that time was very much cheaper.
at this time we have nothing to doubt about bitcoin because its popularity is already very large and favored by investors around the world, so don't be afraid to lose if you buy bitcoin at this time because the price will continue to rise every year.