But for discussion if I consider that will default on their debt, it will be an excellent thing for crypto market. Billions of dollars will be infused into the crypto market from various institutional investors to park their additional funds. Similarly Gold and other precious metals will also see a huge demand.
Oh yeah, just how
- war will be good for Bitcoin thousands will try to hide their wealth in Bitcoin
- inflation will be good for bitcoin, billions will try to protect their wealth with Bitcoin
That worked out perfectly, let's continue:
- unemployment will be great for Bitcoin, unemployed people will put their empty wallets in Bitcoin
- bankrupcies will be good for
BTC, companies that don't produce a thing will put their income in
BTCBTC- Ebola will be great for Bitcoin, everyone that is not dead will put his money into Bitcoin
This reminds me of the stories about Cyprus, the banks closed and everyone was cheering how people were buying coins, must have been a miracle to have your funds locked ina bank but use them to buy
BTC. If the US would somehow default for 99% of this planet
BTC will be the last thing to think about.