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Bitcoin had no crisis test yet. It came after the financial crisis 2007-2009.

But we know that Gold was a great performer during times of crises. During Oil-Crisis 1970s Gold went 10x+ within a decade. It also performed good after 2007.

I do expect #Bitcoin to be similar.

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Discussion

100satsaday 2y ago

Nope. 1970 is the time US terminated Bretton Woods system and stopped gold backing to USD.

Anonymous 2y ago

Gold went from ~$230/oz to ~$2300/oz in the 1970’s. Bretton Woods and the gold price are not the same thing.

Anonymous 2y ago

This is actually fake news and I stand correct on the prices. The 10x is true, the prices I stated are wrong.

100satsaday 2y ago

They are related. The end of Bretton system has impact on gold price.

Anonymous 2y ago

100satsaday 2y ago

Not sure what are you trying to say. I am just saying gold price rise was not merely due to crisis/recession. The end of gold standard has big impact and the impact is long lasting not a single day effects.