Post
Topic
Board Speculation
Re: How can collapse of USD affect bitcoin?
by
damnek
on 26/03/2014, 03:53:37 UTC
How did I know some ridiculous bulls were going to blurt out "btc will skyrocket"? 

I have a banker freind who I mentioned bitcoin to. His first reaction to me was "you have 45 days to sell and get out". I was shocked and confused by the response. He then discussed with me the impending ecnomic collapse. This was 30 days ago...


I doubt a financial collapse like '08/'09 would affect the price of bitcoin that much. Maybe it would lower bitcoin prices like it did to gold prices during '08/'09. We are headed for another stock market crash and a recession in the the next couple of years (and for the poor/middle class the recession is still not over) but absolutely nothing catastrophic will happen in the next few years.

It's ironic that this "banker" makes that comment about bitcoin, which was in fact born out of the 08/09 crisis (I'm referring to satoshi's famous genesis block message).