Quote from: kotajikikox on June 20, 2025, 09:21:44 PM

Quote from: BIT-BENDER on June 20, 2025, 06:17:10 PM

Quote from: HOPE25 on June 20, 2025, 05:34:02 PM

How safe is Bitcoin in the world's economic turmoil?

Safer than many if not all the world currencies you can think of, infact the global economy crisis and uncertainty only increases the popularity of Bitcoin because it is seen as a safe space for people avoiding inflation and the drop in their local currency.

The world is in chaos. There are wars everywhere. So, bitcoin not being tethered to a specific country means it’s not as affected when something happens in a specific region. It is unlike other assets where political and economic factors affect its value. Bitcoin may be affected but not always directly and not that much.

It makes sense, in the uncertain economic chaos it doesn't really affect bitcoin because bitcoin was also created to overcome global economic uncertainty, let alone fiat which has a lot of crime there, so with bitcoin it is freedom. In fact, Bitcoin is now widely used as a hedge, especially for investors who live in countries that are at war or countries that are experiencing economic instability.

I have also read an article about the IMF, they mentioned that Bitcoin transactions often occur in countries that are experiencing economic crises. There are several examples of countries such as Venezuela experiencing hyperinflation and Argentina experiencing tightening of financial controls and Bitcoin offers a way for these countries to overcome high inflation to stabilize their savings and even make Bitcoin a global trade transaction.