What kind of affect do you think would another global recession or the predicted collapse of the U.S Dollar have on Bitcoin?
Thought it might be an interesting discussion.
It depends!Thought it might be an interesting discussion.
If it is just a recession that is quickly recovered from, then I don't think anything special will happen with Bitcoin.
If it is a currency collapse recession, which it might well be, then Bitcoin could become a real saviour to the markets.
Imagine if the USD collapses and they need to start afresh. People won't trust the new currency like they did the old one for quite some time. In that time people would be more willing to try out alternatives i.e. Bitcoin.
When people start to use bitcoin, they will see the advantages for themselves, then the age of crpto can really begin!
