Can Bitcoin Grow Through Sociopolitical Instability? 222,222.22

18 Jul 2022

Can Bitcoin grow in a recession?

Can Cryptocurrency survive or least start to recover while the economy is bad and many parts of the world go through sociopolitical instability?

The first thing to consider is that the world is a really big place.

When one country is doing bad, another can be doing good.

When one door closes, another one opens.

The Covid pandemic started late 2019 and went into full gear around March 2020.

As we entered March 2020 most of the countries of the world started to lock everybody down, close shops, quarentine, etc.

At exactly this same time, March 2020 Bitcoin hit bottom and started a LONG-TERM recovery...

Bitcoin can grow when times are bad because it has already happened before.

Let's say things get really bad on the next blackswan event... Bitcoin might hit bottom at that exact same time, detach and recover for the long-term.

Just like it happened back in 2020...

Let me know in the comments, what's your take?

Namaste.