A Debt-Fuelled Economic Crisis & Bitcoin: What to Expect?
BTC could become a genuine safe haven if some conditions were met.
After a possible selloff, people will run back towards bitcoin after any crisis has run its course.
Source: Adobe/DCrane Photography
Itâs hard to shake the fact that bitcoin (BTC)âs ascent from one fresh all-time high to another in recent months has taken place amid a backdrop of a struggling global economy. The United Statesâ GDP infamously tanked by a record 32.9% in Q2 2020 and fell by 3.5% across 2020 as a whole, while the
International Monetary Fund (IMF) projected in June that the global economy would shrink by nearly 5% across the same period.