Thursday 19 March 2020

Bitcoin was literally made for this

Bitcoin was literally made for this. Technical Analysis Video by Benjamin Cowen.

Global markets are crashing and we are likely entering into a recession. Bitcoin was born out of the 2008 recession, as a response to money being pumped into the economy in the form of a stimulus. When trillions of dollars enter the economy like this, it might be a short-term fix (if that), but lead to severe long-term issues, primarily inflation or hyperinflation.

If Bitcoin can stand its ground during a global market crash, it will emerge much stronger than before, as it will have weathered the crisis scenario from which it was born.



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