Perhaps. Or perhaps people will find another use for it. It did already plummet and recover several times.
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Perhaps. Or perhaps people will find another use for it. It did already plummet and recover several times.
I think those cycles will drift lower and lower. Bitcoin has existed with any REAL competition. Once the banks pick some standard, a lot of the value of bitcoin will be lost.
The real crisis will come in the next months/years. People will buy Bitcoin then.
Which would be, frankly, quite stupid a thing to do. If the telco networks fail in the crisis will Bitcoin even exist? Will you be able to exchange it?
If you're afraid of a crisis you should buy sugar, salt and spices. These will go up the most if the worldwide trade collapses.