I don't think we'll see any colossal crash that will make history but we will see something for sure.
The banks are going to abuse the public, just as they did in 2009, and, unless we choose the right leadership in November, we'll be bailing out those exact banks when they do "collapse".
Of course this will only benefit Bitcoin when it does happen, however I don't totally agree that the price will rise to $10,000. I think you just pulled that number up randomly. The price would not soar so quickly but definitely very large.
I would think that very soon, seeing as what has developed in China, Bitcoin will be benefiting from our corrupt markets.
The banks are going to abuse the public, just as they did in 2009, and, unless we choose the right leadership in November, we'll be bailing out those exact banks when they do "collapse".
Of course this will only benefit Bitcoin when it does happen, however I don't totally agree that the price will rise to $10,000. I think you just pulled that number up randomly. The price would not soar so quickly but definitely very large.
I would think that very soon, seeing as what has developed in China, Bitcoin will be benefiting from our corrupt markets.
I don't think that global financial crisis will help Bitcoin. I think it could freeze progress. People may be frightened of new solutions at the moment when everything goes down. Good moment for Gold and Diamonds.
I am most afraid about crisis in China. In this country everything can happen, if one day fall into the idea and ban Bitcoin..
Consequences could be terrible.You could look at it from either way I suppose.
Of course, at first people will be holding back their money, resistant to investing in anything.
But the markets will recover. They always do. They recovered after the Great Depression, and people lost a lot there. We're still recovering from any post 2009 difficulties yet people are investing like crazy, forgot what happened not that long ago.
I don't think that it would make everyone run to Bitcoin, or alt coins for that matter, so quickly however over time a new financial crisis, one that is predicted to be of catastrophic proportions, will emphasize the importance of the only decentralized cryptocurrency, Bitcoin.
Now, China is a totally different story. I think if they were to ban Bitcoin, that would inevitably hurt the currency like crazy because of the amount of transactions and activity coming from that region but there are always loopholes and trust me, a lot of those Bitcoin users in China are going to find a way around the ban.
