So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
What is your say.
I think without asking you can already guess what the answer is, and yes, of course, when the global economy is bad, it will obviously have an impact on all investment assets, even if it's bitcoin. It's hard to say no, maybe it's very unreasonable to say that world economic conditions don't have an impact on digital investment assets or physical investment, obviously it will.
Imagine when the world was hit by Covid, what the economic situation would be like, and how it would affect bitcoin. But still, bitcoin is a volatile asset and can go against economic trends at any time.