There are contradictory analysts on this. Some argue that if the S&P500 collapses in a disaster and we enter a major recession, Bitcoin would hold up and it would fall it with it because the economy from those huge countries is too big and would suck everything with it. I claim that this is nonsense. When in doubt of the economy of a country, any country, you will want to be in a neutral asset, Bitcoin is the default-to-go neutral asset. It used to be gold, but not anymore, since gold is useless as you cannot carry it within an airport, specially on times of recession.
it's not
just that a major recession might take everything down with it.
bitcoin really isn't the default hedge asset at all. it might have the potential to be, but it's literally not even a decade old. it's a brand new technology---still experimental and in beta. the world doesn't view it as a "safe" asset at all. it's rather viewed as extremely risky and speculative.
in another 50 years, i could see it being the go-to hedge. it's really hard to imagine
now.
