Hi,
I have a question, but please direct me to a post if already asked:
In case of another GFC, would BTC bitcoin price:
a) stays on the same level
b) skyrockets
c) tumble down
?
I have a question, but please direct me to a post if already asked:
In case of another GFC, would BTC bitcoin price:
a) stays on the same level
b) skyrockets
c) tumble down
?
In a case of global financial crise, as the 2008 one, the price of each and every financial asset and commodities will go down (oil will go down, stocks, precious metal, and also bitcoin). In such a scenario the only safe haven will be cash and money market securities. (all the rest will crash)
However government will never let it happen, and they are ready to print even more in order to avoid this situation.
Gold went up from the dotcom bubble explosion to 2012; if we see hyper inflation most commodities will increase in nominal terms
The crisis that is coming will not destroy all wealth, it will redistribute the cards and some will come out on top
You re right, but this happened after the the dotcom bubble explosion, when the FED decided to decrease it's interest rates. However during the crises, Gold and commodities prices went down. It was the same scenario for the 2008 crises. During the 2008 crises all prices went down (deflationary process), after the FED lunched its QE, prices started going up (inflationary process).