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02-07-2020, 01:29 AM
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#1 |
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Confirmed User
Industry Role:
Join Date: Jun 2012
Location: All Over
Posts: 3,917
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Will Bitcoin SKYROCKET in value if there's a global recession?
Given that it's been 12 years since the last recession, a correction is LONG OVERDUE
Question: where will people flee as a safe store of value? Fiat ("trust us, we're the government") currencies OR crypto? BTC for the win?
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02-07-2020, 02:56 AM
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#2 |
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Confirmed User
Industry Role:
Join Date: Aug 2005
Location: YUROP
Posts: 8,610
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I guess crypto and gold? Gold was just below 1k$ beginning of 2008 then it dropped to 730$ but then went up to 1.9k$ in 2011...
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02-07-2020, 03:21 AM
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#3 |
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Confirmed User
Industry Role:
Join Date: Oct 2002
Location: In wonderland..
Posts: 7,147
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I hope crypto would react positively in an upcoming recession but what concerns me more is what sort of plan the "big banks and financial institutions" have for crypto.
Bitcoin is too much freedom in the eyes of the elite.
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