How safe is Bitcoin in the world's economic turmoil?
Bitcoin has opened a new chapter in the economy. When the current world economy is gradually surrounded by uncertainty, people have considered Bitcoin as a safe investment as a means of investing in their safe place.
I always believe that everything in this earth is full of uncertainty; we are not sure whether Bitcoin will continue to perform its 4-year cycle pattern. This is also the reason why many suggest to diversify so that when one investment plummet, another one can save the situation.
As of the moment, I highly agree that Bitcoin has been a safe haven for people who wanted to preserve the value of their wealth but that is only applicable if the Bitcoin market continuously performs good. But what if the time comes when Bitcoin's performance becomes poor? The market had been saturated, and people are now diversifying away from the Bitcoin market to invest in a more profitable venture. No one knows how long Bitcoin will have a good performance. But it is good to cease the moment so while being cautious we should take advantage of the benefits we get from Bitcoin.
Financial security of investment is a prudent solution, so Bitcoin investment can be a long-term, i.e., a well-balanced approach that can provide a sure solution to your future success.
I highly agree the best approach is always the well-balanced one. This way one can avoid a disaster if the plan does not go out well because of the precautions.
So it is not one reason for the economic destroyed, war or so on Bitcoin is not safe, Bitcoin remains safe.
There is a scenario where investment in Bitcoin is not safe, and that is the plummeting demand in the Bitcoin market.