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When will bitcoin become an asset class that people go to as a flight to safety at times of unrest?
US treasuries and gold have traditionally been thought of as the asset classes to go to at times of financial or civil unrest as the place to park money safely as the stock market sells off. As bonds and the US dollar have become shitcoins with the debasing of fiat money, what would need to happen to make bitcoin seen as the safest asset class comparable to gold. Right now, in most of the people who will be reading this posts minds, BTC is long term the safest asset class. But what would need to happen to make it thought of as the safest asset class for the non- orange pillers? submitted by /u/AgitatedJury9632 [link] [comments]
US treasuries and gold have traditionally been thought of as the asset classes to go to at times of financial or civil unrest as the place to park money safely as the stock market sells off. As bonds and the US dollar have become shitcoins with the debasing of fiat money, what would need to happen to make bitcoin seen as the safest asset class comparable to gold.
Right now, in most of the people who will be reading this posts minds, BTC is long term the safest asset class. But what would need to happen to make it thought of as the safest asset class for the non- orange pillers?
[link] [comments]
