What could potentially happen to the value of Bitcoin if for the next several years if we go through a global deflationary cycle?
Based on:
a) The tech bubble bursts
b) The Chinese housing market and "subprime" bubble bursts
c) Spending of babyboomers declines
d) The Dollar goes through massive deflation
e) Deleveraging of public and private debt (banks)
Any thoughts?
(please folks, I would like to hear the raw truth, no Bitcoin-bashing or Bitcoin-cheerleading)
Thanks
It's comparing apples to oranges. All of the above mentioned economic catastrophe's are based on a single country, but bitcoin is international. Any lost value of any currency would only promote an increase in bitcoin.