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    Author Topic: Big test for Bitcoin during the next Economic Collapse.  (Read 1619 times)
    Wind_FURY (OP)
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    March 30, 2021, 02:27:32 PM
     #81

    I am starting to believe that Satoshi created Bitcoin for what’s coming next, or might come next. Because of the COVID-19 pandemic, I’m not sure about the rest of the countries, but the United Stated Federal Reserve prrrrinted inordinate amounts of U.S. Dollars to stimulate the economy, with plans to print trillions more under President Biden. All the prrrrinting and a falling GDP MIGHT be the seeds for the worst situation of an Economic Crisis. HYPERINFLATION.

    Bitcoin has been criticized as a medium “for speculation”. Big test. Is it just merely “for speculation”, or an actual “safe haven”? Will Bitcoin crash together with the rest of the economy, or will everyone run to it as a Store of Value?



    Thats the million dollar question.  I think we are headed towards a huge long recession in the US and I think all financial instruments will suffer.  Less fresh money in the field will slow the gas throwing on this fire we got going right now.  These covid benefits everyone is getting is proving up the economy right now wont be lime that after this year.  Hope I'm wrong though


    But there will be a long period of BRRR money printing to pump the economy, and try to sustain an unsustainable situation. For Bitcoin, 2013, 2017 was when each bull market cycle ended, then 2021 is projected next. I believe there will be an extended Bitcoin bull market cycle that will go through 2023 because of the money printing, the institutions hedging into Bitcoin, and it’s simply Bitcoin’s time.

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