CRYPTO LITTER
TrendsyToken.io
  • Coin Tracker
  • Bitcoin

    BTC To See Correction Below $10K, Predicts Founder Of Midas

    Can XRP Continue To Outperform Bitcoin?

    Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

    Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Ethereum

    Finalized no. 25 | Ethereum Foundation Blog

    EF-Supported Teams: Research & Development Update

    Grantee Roundup: April 2021 | Ethereum Foundation Blog

    Announcing the EF Fellowship Program, Cohort #2

  • Blockchain
  • NFT Trends

    DeGods Removes Royalties from Resales

    Orange Comet Strikes Partnership with Sir Anthony Hopkins

    CNN’s NFT Platform Shuts Down, Users are Raging

    The SEC Casts a Beady Eye Over Yuga Labs’ Operations

  • Fashion Trends

    What to Wear Hiking This Summer

    35 Affordable Items I’m Eyeing From the Shopbop Sale

    12 Water-Based Makeup Products That Give You Dewy Skin

    The Best Postpartum Clothes I Wore on Maternity Leave

  • VR & Metaverse

    Meta Working With Ray-Ban On New Smart Glasses

    Quest Pro’s Controllers Have “Up To” 8-Hour Battery Life

    VR Developer Schell Games Donates $20K To Charities

    Meta Avatars Getting Legs Soon, And New Graphics Next Year

No Result
View All Result
  • Coin Tracker
  • Bitcoin

    BTC To See Correction Below $10K, Predicts Founder Of Midas

    Can XRP Continue To Outperform Bitcoin?

    Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

    Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Ethereum

    Finalized no. 25 | Ethereum Foundation Blog

    EF-Supported Teams: Research & Development Update

    Grantee Roundup: April 2021 | Ethereum Foundation Blog

    Announcing the EF Fellowship Program, Cohort #2

  • Blockchain
  • NFT Trends

    DeGods Removes Royalties from Resales

    Orange Comet Strikes Partnership with Sir Anthony Hopkins

    CNN’s NFT Platform Shuts Down, Users are Raging

    The SEC Casts a Beady Eye Over Yuga Labs’ Operations

  • Fashion Trends

    What to Wear Hiking This Summer

    35 Affordable Items I’m Eyeing From the Shopbop Sale

    12 Water-Based Makeup Products That Give You Dewy Skin

    The Best Postpartum Clothes I Wore on Maternity Leave

  • VR & Metaverse

    Meta Working With Ray-Ban On New Smart Glasses

    Quest Pro’s Controllers Have “Up To” 8-Hour Battery Life

    VR Developer Schell Games Donates $20K To Charities

    Meta Avatars Getting Legs Soon, And New Graphics Next Year

No Result
View All Result
Crypto Litter
No Result
View All Result
Home ICO

Is Bitcoin Safe from a Global Stock Market Crisis?

October 6, 2021
in ICO
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]


As we all know, one of the biggest differences between Bitcoin, and in fact most cryptocurrencies compared with traditional currencies is the fact that such digital currencies are detached from the conventional and traditional financial market.


Yet, even though Bitcoin is disintegrated from the traditional finance, no one can deny that it has previously sustained damages when the global stock market, which is the yardstick for the traditional financial market, went through problems.


But what happens if a serious global collapse of the stock market takes place? What will happen to Bitcoin?


In this article, we want to take a look at whether Bitcoin will be safe from a serious global financial meltdown or not.


Perhaps the most important question when considering this matter is to specify what type of financial instrument Bitcoin is. Is it a stock? Is it a valuable good? Is it a mere currency? What is it exactly?


Some consider Bitcoin to be similar to a scarce valuable item, much like precious metals like gold and anything like that. So, one of the biggest understandings out there is that Bitcoin is a scarce commodity.


On the other hand, many also consider this digital currency to be a stock or at least a stock proxy. This makes things different. Of course, when Bitcoin is considered to be a technology stock proxy, it would be analyzed and evaluated in different ways than it would be if it were regarded as a scarce commodity.


So, it is not even clear what Bitcoin is really being considered by the users themselves. And that really matters. What the general opinion and general idea about the utility and real world application of Bitcoin is, will ultimately impact that outcome of whether Bitcoin will hold up under tough economic conditions.


But there are other factors that might factor in the safety of Bitcoin when it comes to a global scale economic disaster.


In fact, these factors are not merely related to Bitcoin. They could be true about any cryptocurrency. And that is the fact that unlike other more conventional commodities and properties that could potentially be seized if and when a serious issue rises that demands such action, the same cannot be true for the crypto world.


The decentralized notion of the cryptocurrencies is precisely why no one knows who owns what or how much. In this case, unlike conventional economic crises, the forfeiture and seizure of assets cannot be made possible in the world of digital currencies.


At the same time, it appears that the disintegration of Bitcoin and other digital currencies from the conventional financial market will indeed mean that little or less damage will be incurred upon them when the world is hit with a financial crisis.


However, no one can deny that there will be no impact. It goes without saying, that a phenomenon as huge as a world scale economic meltdown will inevitably be impactful on the crypto world, and as a result, on Bitcoin.



[ad_2]

Related articles

Transparent and Tamper-proof Issuance of Certificates to be Released by Counos

What’s Behind Crypto Market Volatilities? Pooyan Ghamari Explains

Tags: BitcoincrisisglobalMarketSafeStock
Share76Tweet47

Related Posts

Transparent and Tamper-proof Issuance of Certificates to be Released by Counos

          There are many different functions for the Blockchain technology. After all, the functions of any technology should...

What’s Behind Crypto Market Volatilities? Pooyan Ghamari Explains

          There is no shortage of allegations with regard to shady businesses that go on behind the scenes...

Counos Proposed a Blockchain-based System for Large Scale Elections

          The Blockchain technology can be used to develop a system to hold an election. This is what...

Xbit Project Offers a Variety of Services

Xbit project is a one-stop and comprehensive project with its own Blockchain network that offers many services, which...

Counos Mobile Wallet Supports BTCX Token

BTCX is considered a utility token that is developed based on the Counos Layer protocol on the Counos...

Load More
  • Trending
  • Comments
  • Latest

Trendsy Token Is Taking Over

Introducing A0K1VERSE- The New Metaverse From Steve Aoki –

The Sandbox Secures Strategic Partnership with Warner Music Group

Optimized Ethereum Mining Settings for Nvidia RTX 3060 Ti, RTX 3070, RTX 3080 and RTX 3090 GPUs

BTC To See Correction Below $10K, Predicts Founder Of Midas

Buy Stuff with Bitcoin | Which Online Stores Accept CryptoCurrency?

Bitcoin bulls ‘hold back’ as BTC’s monthly futures expiry approaches

Made in Umbria: IBM Food Trust helps certify food authenticity

BTC To See Correction Below $10K, Predicts Founder Of Midas

Can XRP Continue To Outperform Bitcoin?

Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Coin Tracker
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT Trends
  • Fashion Trends
  • VR & Metaverse

© 2021 Crypto Litter - The #1 Source for Crypto Shit

No Result
View All Result
  • Coin Tracker
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT Trends
  • Fashion Trends
  • VR & Metaverse

© 2021 Crypto Litter - The #1 Source for Crypto Shit

  • RelevantRelevant(REL)$0.780.38%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%