Bitcoin is currency, which means that in a financial crisis it will be not affected that much. It is interesting to note that even though bitcoin has not gone through a financial crisis it seems to be publicly released as a countermeasure to the financial crisis of 2008. Very interesting timing.
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
The hardest hit sectors are usually ones that rely on companies to perform well to generate a profit or government regulations to stay as is, for instance properties, shares, etc. Bitcoin does not.
People won't lose interest in btc when a financial crisis hits. It is considered to be a safe haven, actually. Which makes me think that a financial crisis will actually perhaps positively affect bitcoin as more people knows about it(like in the case of venezuela).
Lols, that's exactly why it is going to be affected.
Let's look at bitcoin right now , the market cap is because of the investments in it and usage.
In the case of a financial crisis the investments will go to zero and usage will decline.
What effect do you thin this will have on the price?
Who will run to a safe heaven in the case of a crisis when everybody is bleeding money?
