Could Bitcoin potentially serve as a safe haven in the upcoming economic crisis

[fzkto]

I have convinced myself that bitcoin is the best investment asset or store of value compared to gold currently and in the long term. Bitcoin is performing well for an asset - I don't doubt it because bitcoin is being supported by the community as adoption increases. I don't know how skeptical you are about bitcoin's long-term potential - but try not to ignore the opportunity even if you can only afford to invest 10% of your overall budget in it.

If you have doubts about Bitcoin - then it's a good idea to diversify. This means that you can buy bitcoins for a certain budget amount and you can also have gold as another asset. Both of these investment assets are profitable - but you still have to consider the risks.

Of course, it may happen that bitcoin will become the world currency. But so far, the dollar has taken this place and it will probably continue to do so in the near future. If the crisis hits the dollar, some other country will want to replace the dollar. For example, China, which is not in crisis now and has great potential. Governments don't allow things into the economy that they can't control. Bitcoin is such a thing.

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[taufik123]

-snip-
A multipolar world is a certainty in the future, but that does not mean inflation and crises will disappear. As long as the government still uses fiat money and money printing is not strictly controlled, inflation will repeat in the future even if we have BRICS.

Print and keep on printing, of course, this will be the reason why inflation always occurs.
The government is also using fiat money too much and government spending is out of control.

When too much money is circulating in the system, it will certainly have an impact on the increasing demand for goods and services which will ultimately increase price increases and inflation occurs.
There must be a serious policy to avoid hyperinflation like Zimbabwe.

Bitcoin may be a good way out, but it should be noted that the risk of high volatility in Bitcoin will remain, fast price movements will be a high enough risk for early users.
Said to be a good hedge, at this time bitcoin is certainly still not among the best, There is still Gold which is a hedge for many people.

But Bitcoin has a limited and decentralized supply, so the supply in circulation will remain or decrease and is not regulated by any government.
Before considering Bitcoin as an inflation hedge, it's a good idea to do thorough research, understand the characteristics of the crypto market, and carefully consider your risk tolerance and investment objectives.

[Mr.suevie]

I have convinced myself that bitcoin is the best investment asset or store of value compared to gold currently and in the long term. Bitcoin is performing well for an asset - I don't doubt it because bitcoin is being supported by the community as adoption increases. I don't know how skeptical you are about bitcoin's long-term potential - but try not to ignore the opportunity even if you can only afford to invest 10% of your overall budget in it.

If you have doubts about Bitcoin - then it's a good idea to diversify. This means that you can buy bitcoins for a certain budget amount and you can also have gold as another asset. Both of these investment assets are profitable - but you still have to consider the risks.

Of course, it may happen that bitcoin will become the world currency. But so far, the dollar has taken this place and it will probably continue to do so in the near future. If the crisis hits the dollar, some other country will want to replace the dollar. For example, China, which is not in crisis now and has great potential. Governments don't allow things into the economy that they can't control. Bitcoin is such a thing.

Well if you are actually following up the trend then you will notice that the dollar has already been having issues seriously and many countries are starting to replace the dollar as it's major currency for trade and so many stuff and as for the case of bitcoin I guess only time will tell as am very sure that bitcoin one day will eventually become the world reserve currency although we all know it's gonna a life time for that to happen but we just can't stop waiting it happens quick

[fzkto]

I have convinced myself that bitcoin is the best investment asset or store of value compared to gold currently and in the long term. Bitcoin is performing well for an asset - I don't doubt it because bitcoin is being supported by the community as adoption increases. I don't know how skeptical you are about bitcoin's long-term potential - but try not to ignore the opportunity even if you can only afford to invest 10% of your overall budget in it.

If you have doubts about Bitcoin - then it's a good idea to diversify. This means that you can buy bitcoins for a certain budget amount and you can also have gold as another asset. Both of these investment assets are profitable - but you still have to consider the risks.

Of course, it may happen that bitcoin will become the world currency. But so far, the dollar has taken this place and it will probably continue to do so in the near future. If the crisis hits the dollar, some other country will want to replace the dollar. For example, China, which is not in crisis now and has great potential. Governments don't allow things into the economy that they can't control. Bitcoin is such a thing.

Well if you are actually following up the trend then you will notice that the dollar has already been having issues seriously and many countries are starting to replace the dollar as it's major currency for trade and so many stuff and as for the case of bitcoin I guess only time will tell as am very sure that bitcoin one day will eventually become the world reserve currency although we all know it's gonna a life time for that to happen but we just can't stop waiting it happens quick

I don't know which countries started to abandon the dollar. Maybe some Asian or African countries. But the rest of the world still uses the dollar to trade any goods. Especially now there are a lot of stablecoins, which are also used by many people in different countries. I don't think bitcoin can become a reserve currency, because it is not very convenient. Most likely bitcoin can become something like gold.

[Minecache]

-snip-

Bitcoin may be a good way out, but it should be noted that the risk of high volatility in Bitcoin will remain, fast price movements will be a high enough risk for early users.
Said to be a good hedge, at this time bitcoin is certainly still not among the best, There is still Gold which is a hedge for many people.

But Bitcoin has a limited and decentralized supply, so the supply in circulation will remain or decrease and is not regulated by any government.
Before considering Bitcoin as an inflation hedge, it's a good idea to do thorough research, understand the characteristics of the crypto market, and carefully consider your risk tolerance and investment objectives.

Given bitcoin's volatility, in the short term bitcoin is never a good choice to hedge against inflation. As evidenced, we can see how in the 2022 crisis, bitcoin is also affected by rising inflation and rising interest rates, those who buy bitcoin for short-term speculation will definitely suffer losses. But in the long run, we can see that bitcoin holders from 2014 and 2015 delivered huge returns that far exceeded the rate of inflation.

As I said, with its scarcity and price appreciation over time, bitcoin is actually a much better hedge against inflation than gold over the long term. 

If we want to avoid inflation in the future, bitcoin is the perfect choice we have. Gold is stable and only maintains value but cannot increase in value like bitcoin, it's really not comparable to bitcoin.

[justdimin]

I have convinced myself that bitcoin is the best investment asset or store of value compared to gold currently and in the long term. Bitcoin is performing well for an asset - I don't doubt it because bitcoin is being supported by the community as adoption increases. I don't know how skeptical you are about bitcoin's long-term potential - but try not to ignore the opportunity even if you can only afford to invest 10% of your overall budget in it.

If you have doubts about Bitcoin - then it's a good idea to diversify. This means that you can buy bitcoins for a certain budget amount and you can also have gold as another asset. Both of these investment assets are profitable - but you still have to consider the risks.

Of course, it may happen that bitcoin will become the world currency. But so far, the dollar has taken this place and it will probably continue to do so in the near future. If the crisis hits the dollar, some other country will want to replace the dollar. For example, China, which is not in crisis now and has great potential. Governments don't allow things into the economy that they can't control. Bitcoin is such a thing.

Dollar doesn't seem to be giving up its place, even with all those attacks and trying of dedollarisation, it is still at the top and not losing its place as it seems, as long as more people accept dollar than any other currency, then we are not going to have any big changes.

You can have dollars and go to ANY nation in the world and live, aside from maybe like north Korea or something. This is why I think it is quite important to remember that bitcoin may not reach there not because bitcoin is bad or something but because dollar is the king when it comes to currencies. Obviously it is not going to be that easy and it shouldn't really change much on the long run and shouldn't really be a big deal when you think about it.

[cryptomaniac_xxx]

I have convinced myself that bitcoin is the best investment asset or store of value compared to gold currently and in the long term. Bitcoin is performing well for an asset - I don't doubt it because bitcoin is being supported by the community as adoption increases. I don't know how skeptical you are about bitcoin's long-term potential - but try not to ignore the opportunity even if you can only afford to invest 10% of your overall budget in it.

If you have doubts about Bitcoin - then it's a good idea to diversify. This means that you can buy bitcoins for a certain budget amount and you can also have gold as another asset. Both of these investment assets are profitable - but you still have to consider the risks.

Of course, it may happen that bitcoin will become the world currency. But so far, the dollar has taken this place and it will probably continue to do so in the near future. If the crisis hits the dollar, some other country will want to replace the dollar. For example, China, which is not in crisis now and has great potential. Governments don't allow things into the economy that they can't control. Bitcoin is such a thing.

Dollar doesn't seem to be giving up its place, even with all those attacks and trying of dedollarisation, it is still at the top and not losing its place as it seems, as long as more people accept dollar than any other currency, then we are not going to have any big changes.

I do agree, as much as China or even Brics or Russia wanting to dislodge the dollar as the top of the world reserved, it's not going to happen very quickly. Every nation still uses it as their mode of exchange to their local fiat and as you have said it won't lost it value as it will remain the top currency to be accepted globally.

You can have dollars and go to ANY nation in the world and live, aside from maybe like north Korea or something. This is why I think it is quite important to remember that bitcoin may not reach there not because bitcoin is bad or something but because dollar is the king when it comes to currencies. Obviously it is not going to be that easy and it shouldn't really change much on the long run and shouldn't really be a big deal when you think about it.

Yes, and with that, we are still going to see bitcoin exchanges to dollar as still the best exchange rate that we are going to see. That's why you can see in cmc that bitcoin is equate to USD because everyone understand it. And for us who doesn't use dollar, for sure we can have our USD=local fiat rate as well that we can easily memorized because it's been the norm.

[South Park]

Dollar doesn't seem to be giving up its place, even with all those attacks and trying of dedollarisation, it is still at the top and not losing its place as it seems, as long as more people accept dollar than any other currency, then we are not going to have any big changes.

You can have dollars and go to ANY nation in the world and live, aside from maybe like north Korea or something. This is why I think it is quite important to remember that bitcoin may not reach there not because bitcoin is bad or something but because dollar is the king when it comes to currencies. Obviously it is not going to be that easy and it shouldn't really change much on the long run and shouldn't really be a big deal when you think about it.

It will take a very long time before the dollar losses its position as the strongest currency around the world, and even if at some point happens it is likely it will still be accepted on many countries after such event as this has been the case for a long time, now about the topic at hand bitcoin can serve as a safe haven, however its lack of stability makes it very volatile to perform this function without any issues, as during a crisis what people are looking for the most is a strong currency, and if at the time the crisis happens bitcoin is experimenting a bear market then the protection it can offer will be very limited.