Topic: Bitcoin in a Recession (Read 111 times)
I predict that the price will go up in the next global recession, and that it will surprise financial pundits, who now believe that a recession will cause a price collapse.
There are good arguments on both sides:
People value something tangible and will sell bitcoin for fiat, in order to buy things, or will sell it for gold since it's tangible, dropping the price of bitcoin.
People are looking for a safe asset and will buy bitcoin because it is scarce, thus driving the price up.
People value something tangible and will sell bitcoin for fiat, in order to buy things, or will sell it for gold since it's tangible, dropping the price of bitcoin.
People are looking for a safe asset and will buy bitcoin because it is scarce, thus driving the price up.
I think for now there will be no stabled price for Bitcoin, we all just know that Bitcoin's Price won't last at a low price and will eventually go up anytime. So stay tuned.
There are good arguments on both sides:
People value something tangible and will sell bitcoin for fiat, in order to buy things, or will sell it for gold since it's tangible, dropping the price of bitcoin.
People are looking for a safe asset and will buy bitcoin because it is scarce, thus driving the price up.
People value something tangible and will sell bitcoin for fiat, in order to buy things, or will sell it for gold since it's tangible, dropping the price of bitcoin.
People are looking for a safe asset and will buy bitcoin because it is scarce, thus driving the price up.
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