Quote from: Asiska02 on June 21, 2025, 11:42:03 PM

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

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

Bitcoin has survived every single torment from when it was launched till now and that didn’t stop its progress and development, see how far it has come today. I have been really proud of how Bitcoin was able to achieve all this despite external pressure from the government of trying to make it centralized and censored. Seeing how bitcoin has developed over the years, it shows that the world economy turmoil will only have effect on it for sometime before it gets back to its original state once again. This is world economic crisis should not make you think that selling is the best option now, keep holding because this moment will come and pass and you’ll be glad you held through your bitcoin during all this chaos.

As bitcoin investors, we are truly proud that bitcoin has been able to overcome all the challenges from governments and central banks, when they tried every way to ban it for many years, but finally they had to admit defeat and accept its existence. But I would say that the challenge from government bans is nothing compared to the challenge from global chaos from economic to political.

Just because Bitcoin can survive a ban doesn't mean it can survive a chaotic economy, we can't reason that way, Bitcoin needs to prove its strength and only time will tell.

It is too early to declare that bitcoin will be safe in the midst of economic turmoil (if it ever happens) because since its inception, bitcoin has been quite fortunate in not facing any serious economic turmoil. The covid pandemic was probably the first challenge and it has passed but that is still not enough to say that it is a safe haven like gold.