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Can Bitcoin sustain Global Financial Crisis? 🤔🙄

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4 weeks ago

It is a big issue of Banking , a China's second real estate developer, Evergrande Group. As the largest real estate developer in the world,it has over $300 billion in liabilities, There is a risk that Hong Kong Hang Seng Index is in the middle of the cake, and it is dangerous to collapse with banks and insurance led.

Bitcoin and all Altcoins yesterday had sharp decline after this news. In fact, in March 2020, the recovery pattern after the fall of the gold and bit coins showed almost the same movement, but last year, from the end of last year, it is said that it has shown a similar movement similar to the Hang Seng Index until this year.

But in recent three months, the bitcoin in the Hang Seng Index is in the declining movement was rather rebounding. The above is an excerpt of a part of a fun article that claims that bitcoins can be safe in the global stock market crisis.

Here, the bitcoin is to be less influenced by the market collapse. For example, if the loan agency will be promoted to assets the assets such as real estate, stocks, bonds, and may not be interested in holding such banks or agencies, and will not be interested in holding their seizure assets.

On the other hand, it is in advantage of this risk because bitcoins and cryptographic accumulators can not be used as collateral.

Therefore, it is said that the danger of mid-term system for cryptographic inclusions, which is completely perched with the financial markets and accepted by collateral and deposits, is lower than the existing market.

However, because it has never experienced a serious economic crisis for the 12 years of the bitcoin, it was comprehensive analysis or estimation that it would be difficult. Actually, the cryptographic lung will collapse, or a new refuge awaits, let's see ...!

reference : https://cointelegraph.com/news/here-s-why-bitcoin-might-be-safe-from-a-global-stock-market-crisis

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