Quote from: Franctoshi on February 14, 2025, 10:22:52 PM

First of all, seem you don't know reason why Bitcoin was created in the initial place after the great economy collapse in year 2008 which lead to the creation of Bitcoin in 2009, where the economy crashed because of the predatory mortgage lending and due to massive amount of consumer debt etc which lead to the collapse various economy, Now fast-forward back to your question, yes Bitcoin survived the COVID-19 pandemic that caused many assets to collapse and tank in prices, where Bitcoin in the end survived such market crash.

But Bitcoin was created by Satoshi to be and be used as a peer-to-peer currency, he didn't create it to be a speculative asset. And whether speculative assets can survive an economic collapse remains a question.

People keep bragging about bitcoin surviving the covid pandemic but bitcoin is not the only asset that can do that. The stock market also stood firm against the covid pandemic and especially gold, gold even increased strongly before and during the pandemic. Meanwhile, stocks and bitcoin only grew after the government pumped money into the economy to save it. This makes me wonder, if an economic crisis happens and the government doesn't pump money, what will happen to bitcoin? But with gold, the price will go up regardless of whether the government is pumping money or not.