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. Especially those who have lost fiat currency in long-term investments. Inflation, bank crises, moral standing, trade wars - all of them have become popular in the currency investment business. The price of Bitcoin fluctuates by 10 to 20% in a day, which is very risky or frustrating. Moreover, digital and currency or blockchain is still difficult for the common man and lacks technical knowledge. So if you are suffering from investment, I think that since Bitcoin is not controlled by any government or any central bank, if you keep the Bitcoin keys with yourself, you can safely invest in Bitcoin without the need for a third party. You must consider the profit or loss calculation period before investing in Bitcoin without risk with each investment. The meaning of establishing yourself is not only about how much you have earned and how much you have invested, but also about accumulating your principal or wealth. 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.
To answer this question, look at how the bitcoin price reacts to the events of the Iran-Israel war and the bombing of Iran by United States aircraft. The price of cryptocurrencies is collapsing. The problem with bitcoin and cryptocurrencies in general is that they are peacetime assets, and these assets feel great when the economy is growing.
In other words, bitcoin is not a defensive asset to preserve value. Bitcoin can diversify the risk of fiat currency inflation to some extent, but as an asset for preserving value it is extremely unreliable, due to the technical requirements of the existence of miners, the supply of electricity, and the existence of the Internet itself. Could all this exist during World War? Maybe, maybe not. The protective asset is only physical gold.