Post
Topic
Board Speculation
Re: Could Bitcoin potentially serve as a safe haven in the upcoming economic crisis
by
Frankolala
on 06/09/2023, 16:20:43 UTC
There is no safe place when a crisis occurs, many people think too much about Bitcoin, what we must understand is the concept of decentralization such as bitcoin of course also prone to drop when inflation occurs, it is better to save large amounts of assets in trusted commodities such as gold, Land and so on, and making cryptocurrencies is an alternative investment so that it does not make us panic when a bear market occurs.
The volatile nature of bitcoin makes it an hedge to inflation,compare to gold or land. Land and gold doesn't have the potential that bitcoin has and can't be used as an hedge to inflation. I will say Land has been there for a long time but presently most investors are using bitcoin as a store of value because they have seen it is the best hedge to inflation.

However,the profit that bitcoin will yield in 8yrs will be higher than gold of the same amount is used to invest for the same given period of time. Demand and supply is what controls bitcoin price and as time goes on as the adoption increases,so also will the price increases,and because it is limited in supply,the price of bitcoin will keep on increasing. Abear market will come and go and your bitcoin wouldn't depreciate in quantity,it remains the same. Don't use only one side to judge Bitcoin and this is why a long term investment is the best because I know that if you plan to invest on land and gold,you wouldn't sell after two years because it will be useless to make profit from it.