3 ms·
What makes you sure that Bitcoin would be recession proof? I know the common arguments for Bitcoin and it being "similar" to gold. But recently, it feels more
by Frankston_B1375 9y ago
What makes you sure that Bitcoin would be recession proof?
I know the common arguments for Bitcoin and it being "similar" to gold.
But recently, it feels more like Bitcoin is just another investment product, with its price being ballooned by big time investors and a concentration of 96% of existent bitcoin in the hands of just 4% of the holders.
So if a recession does hit, what would stop investors from dumping their bitcoins to hold on to the cash (cash being an even more valuable asset in times of crisis)?
- joshfraser 9y agoRecessions often go hand in hand with a breakdown of trust in governments and banks making a trustless system like Bitcoin far more appealing.