The next time?! That time is practically now my friend, nail-biting the suspense in here! BTC all the way of course. - HODL4LIFE
Although people are looking for alternatives to cash, they are still shy of going all-in with Bitcoin. – Yeah, soon it will change imo.
Debatable. Depends what countries the crisis hits, or if it's a global crisis. I'm losing faith in BTC. – Why would you? I would double down on BTC and Gold.
Bitcoin is not a rescue package, nor significant part of the financial scene....yet. – Key word: “yet”. 😉
yes & no. in the next financial crisis it is possible BTC will also loose value. true test will be how will it recover after the crisis is over. in my view BITCOIN will never die & will get good valuations in time to come. people who hold it will reap a fortune. - Interesting viewpoint, but aren't you interested to see how BTC performs when there is a global recession? Similar to how gold performed during 2008-2011.
Any global financial crisis will reveal bitcoin as a reliable medium of exchange. It will become more accepted as it is not being controlled across international boundaries. – I believe more so as a store of value.
Things are rare, and bitcoin demand has never been less. Even if it goes back to USD3,000 or lower. It will eventually rise again and again~ - No question about its staying power now… 👍
Because the next crisis will not be limited to just the housing market...it will affect them all. People will try to find something outside of the $ as a store of value – Yup!
The next major financial crisis will provide a unique opportunity for crypto currencies to form a more solid, even stronger foundation! - Agreed!
We can see how much it is correlated to Equity n cash markets – Not much at the moment, but who knows in a global crisis. That’s why to me, it is the true litmus test.
BTC is like digital gold: a great store of value. I think that in the next financial crisis a lot of money is going to flow to BTC. – Agree.
Yeah it's make or break for bitcoin. The +10 years leading up to the next recession is bitcoins time to shine. It had its time in the shadows, lurking, building and expanding. Now it's time to grab the world by the throat and emerge as a victor when traditional banks are scrambling. The world must know a financial system can exist without a public bailout. – I share the same sentiments
The Usd will plummet and investors will take refuge in bitcoin or gold , which one will depend on price , but I see it as a safe haven , governments have seized gold or made it illegal to possess in times of kaos and I think we will see if ones truly value cryptocurrency and especially bitcoin . – Yup.