Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin capable to recover from Financial Crisis?
by
Mauser
on 16/12/2021, 08:40:21 UTC

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

I think yes, bitcoins offer a lot of benefits during crisis that we might not get from local banks. Financial crisis is usually an inefficiency in the financial markets that the government or big banks try to cover up. But markets like to regulate itself so its just a matter of time until it becomes a national and a global crisis. Once a crisis is affecting the whole world it can take down many banks leaving all the savings accounts hanging. Being invested in bitcoins and other crypto currencies makes us independent from the local financial system.