Big test for Bitcoin during the next Economic Collapse. - page 9.

btc_angela

hero member

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Quote from: Wind_FURY on February 22, 2021, 06:19:50 AM

[..snip..]

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

I'm leaning towards the latter, big companies and institutions have been flowing their hard earn cash to bitcoin as a hedge and store of value because of the worsening global economy. I wouldn't call this a big test to bitcoin, but rather the 'only logical' choice to everyone, from average Joe to millionaire and billionaire to institutions and big companies such as Tesla. No wonder we have reach uncharted territory and we are now in a new narrative and we have seen a paradigm shift because of Covid-19 effects.

davis196

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There's a USD hyperinflation going on right now,and that hyperinflation is happening on Wall Street.
Tesla stocks increased their price 12 times for 3 years.Tesla isn't a very profitable company with global domination in the auto market.Is this hyperinflation or what?Are Tesla stocks really that valuable?
The question is when the hyperinflation on the financial markets will turn into hyperinflation on the consumer markets?This will be next economic collapse...
Bitcoin is going just fine in this global recession.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Quote from: Wind_FURY on February 22, 2021, 06:19:50 AM

All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Excessive printed fiat can lead to hyperinflation, but know that USA knows how to do it not to result to inflation.

Quote from: Wind_FURY on February 22, 2021, 06:19:50 AM

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Bitcoin can not crash, even if the price decrease, the price will later increase. Bitcoin is deflationary, a money and an asset. Bitcoin is not getting critized like before because people are turning to knowing about bitcoin unlike ignorant messages of last decade.

I am not supporting fiat, but US will know how to regulate their economy while having Bitcoin is the best safe haven history has proven.

Wind_FURY

legendary

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I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?

Topic: Big test for Bitcoin during the next Economic Collapse. - page 9. (Read 1564 times)