Just like gold, in fact, during a recession and bank failures Bitcoin may just perform very well, because it has limited quantity, it is decentralized, and it is relatively decorrelating from traditional financial markets.
This question is not appropriate because Bitcoin was created and has proven itself in the midst of extraordinary economic problems that made people distrust the existing system at that time and until now Bitcoin still holds its value unchanged. What people fear about economic collapse is the decline in the value of the currency and again I say Bitcoin is able to maintain that which we call the best hedge.
Agreed. The statement is not quite right, even if we look again bitcoin was born because of the economic uncertainty at that time. On the other hand, we have seen during the pandemic a few years ago, all other assets experienced a decline but not bitcoin, in fact at that time bitcoin actually increased. And yes, as you said now bitcoin is a good hedge, so no matter how turbulent the global economy is, bitcoin will survive.
In the short term there may be a little impact, but only for a while, but after that bitcoin will stabilize and even increase. This has happened to bitcoin several times when the economy was not doing well, but it did not have a bad impact on bitcoin. In fact, every economic downturn/collapse brings with it the same market opportunities if you have the right information and equipment, so you should take advantage of the opportunity to accumulate bitcoin in the midst of an economic crisis, and if you do it easily. Obviously a bubble/collapse will take you to a rich place.
Well, it goes without saying that in the periods of impending economic turmoil, there are great opportunities for all those who dare to see further than the end of their noses. These markets are volatile and there is always hope to get a better and improved situation after a period of struggle. Whenever fundamental assets feel the heat in the market, it opens and makes space for other instruments to be existent and viable. As we have learned, every upheaval in the fiscal domain is also accompanied by changes in value and, for those who are able to analyse it, such a tendency may be financially beneficial. It is not a secret that seizing a chance in conditions that are unpredictable is a pattern that has been seen in investing over the world and over time.