Currently, the price of Bitcoin interacts with global variables. When the Corona pandemic occurred, the price collapsed completely like the global economies, and today the price is on a sharp decline, just like other economic indicators. At some point in the future, Bitcoin will not be affected by political variables, and then it can be considered a safe haven for countries but for now it is a good long-term investment.
It is clear and People need to know this, bitcoin is simply just like other asset although decentralized and not central government can sit on its authority but the price of it is still dependent on the demand and supply chain just like every other assets, if there is an economic down turn people look towards there savings for emergencies and bitcoin isn’t saved from that, in fact it is the most common asset that people will first go to liquidate when they hear of economic crises because of its volatility, only people who invested what they don’t need or people who can hodl for a very long term will be able to hold.
Once upon a time, everyone believed that digital cryptocurrencies were what would bring freedom. But look now at how distorted all the truths we believed in before have become: we trade on exchanges with the KYC, and we can do nothing about hiding our data. We were forced to come out of the shadows.
We also all use completely centralized stablecoins, which their creators freeze at their own expense. It's all sad.
That’s why we keep saying bitcoin wasn’t designed to be anonymous but rather pseudonymous because you can choose how you wish to treat, even though they are people who provide KYC today there are still people who go total anonymous with bitcoin, the only trace is the transaction from their addresses on the blockchain.
