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Topic: [2016-08-06] Is Bitcoin Ready for the Next Global Financial Crisis? (Read 326 times)

legendary
Activity: 1232
Merit: 1091
You can also say; Are the people ready to embrace Bitcoin in times of a financial crisis? Fiat currencies decreasing in value, stocks being less interesting, gold being way overbought and also not interesting.... Bitcoin can definitely function as a safe haven for everyone. And beside that, people wishing for a financial crisis are just keyboard loud mouths. Let them speak again when a crisis hits them at full power.
sr. member
Activity: 252
Merit: 250
Bitcoin is still in its infancy and won’t be able to serve as an “exit valve” if the entire global financial system implodes
legendary
Activity: 3430
Merit: 3080
No system is prepared to cope with a financial crisis. The situation wouldn't be a crisis otherwise.

Andreas should stick to the "uber-Bitcoin-geek" stuff, economics isn't very enlightening when it's on the level of "economic crises are difficult to contend with". No shit, lol.
newbie
Activity: 31
Merit: 0
Is Bitcoin Ready for the Next Global Financial Crisis?
Andreas Antonopoulos is “perplexed” at why some Bitcoiners wish for a global financial crisis because, as he acknowledged, Bitcoin is still “not ready” to absorb such a shock.

https://news.bitcoin.com/bitcoin-ready-global-financial-crisis/
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