Post
Topic
Board Bitcoin Discussion
Re: Will World Economic Depression Affect Bitcoin?
by
blockman
on 29/06/2023, 18:11:46 UTC
When there is an economic crisis or there is extreme inflation, people tend to look for ways to invest their money so that they are safe from high inflation and devaluation, and a lot of people will choose Bitcoin and cryptocurrencies as an escape which might impact them positively in such a situation.
That's true but what happens is still we don't know if a greater economic depression comes. I'm not an economist but they say that almost everything is gonna be affected. But we've seen how bitcoin performs despite that for the past few years. There could still be some assets that will be chosen by noncoiners but to us, this is the best choice whether there is or there is no depression at all. It's like satoshi has set it all for us as bitcoin was invented during also the economic depression several years ago. While we do understand how bitcoin moves as an asset and it's not tied to global markets as we believe. Nowadays, we do see its significance together with the other markets that people are also trading in.