Saturday, March 25, 2023
i[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
FintechZoom
No Result
View All Result

Reasons to Buy Bitcoin During Economic Turmoil

Yuuma Nakamura by Yuuma Nakamura
September 14, 2022
in Bitcoin News
0

Home » Reasons to Buy Bitcoin During Economic Turmoil

There is a lot of nervous crypto money on the sidelines right now, waiting for the White House to announce a recession. You can also have a Bitcoin investment by visiting Bitcoin Loophole.

However, guess what? Scary money does not make money. People exaggerate Bitcoin (BTC -1.27%) recession fears. If we enter a recession, Bitcoin will be the first thing I buy because it still appears to me to be the best long-term store of value and the single best way to protect my financial future.

However, we are in uncharted territory here. No one knows how Bitcoin will perform during a long-term recession because the cryptocurrency has never experienced one. Remember, Bitcoin only emerged in 2009, in the aftermath of the previous economic downturn of 2007-09. That could explain much of the current market FUD (Fear, Uncertainty, and Doubt). Here are three compelling reasons to buy Bitcoin during a recession.

Bitcoin Continues to Be a Haven for Cryptocurrency Investors

Investment 101: During an economic downturn, you invest in safe-haven assets. In the stock market, this means investing in recession-resistant stocks, such as utilities, healthcare companies, or consumer staples. After all, even if economic activity slows, your neighbor loses their job, and companies go bankrupt, you can be confident that companies producing consumer goods or charging you for electricity will make money.

RelatedPosts on FintechZoom

Silvergate Capital closed and Bitcoin Crash to $19,800

Bitcoin price dropping $1100 to $22,394.4…Silvergate Fault?

How to Invest in Bitcoins: A Guide

What Crypto to Buy Now: The Ultimate Guide to Investing in Cryptocurrency

Bitcoin Price Today: is now at $24,664.4 (+1.41%) and trying to break the $25K resistance level.

What is Happening to Binance? Large Sums of Money were Transfered

Apply similar logic to the cryptocurrency market. People will abandon risky, volatile cryptocurrencies in favor of crypto names they recognize. And right now, Bitcoin is the most well-known and trusted name in the world. Even if people sell a large portion of their crypto holdings to generate cash, they will not get rid of their Bitcoin holdings. If there is one cryptocurrency that people “HODL” for the long term, it is Bitcoin. 

On a Global Scale, BTC is Massively Diverse

When people discuss an economic recession, they primarily refer to one in the United States, focusing on the American economy, the Federal Reserve, and the full faith and credit of the United States Treasury. They’re probably also thinking about gas prices, employment figures, and economic data in the United States. However, viewing Bitcoin through the lens of the United States is myopic.

Bitcoin is a genuinely global cryptocurrency that any third-party intermediary does not control. Someone in New York City can buy Bitcoin just as quickly as in Nigeria. As a result, holding Bitcoin is a bet on the fate of the entire global economy, not just the United States.

Yes, the United States may be down for a few quarters, but there is plenty of economic activity elsewhere in the world. Bitcoin can only fail if the world as a whole collapses due to a massive, apocalyptic economic collapse.

Future Endurance

BTC was founded after the financial crisis and has proven its tenacity for over a decade. Even during a global pandemic, when stores and businesses closed, Bitcoin’s value increased. Giving people stimulus checks and forcing them to stay home all day created an entirely new cryptocurrency investing class. People who said they’d never return to their old jobs after realizing they could make money and enjoy more free time by investing in cryptocurrency.

What distinguishes Bitcoin is that it is decentralized and largely independent of any single individual or organization. Satoshi Nakamoto, the pseudonymous Bitcoin founder, was a unique genius in recognizing the problem of allowing narrow-minded bureaucrats or politicians to control your economic destiny. That gives people hope that Bitcoin’s value will rise during a recession. Many are stockpiling BTC and hanging on for their dear life.

Yuuma Nakamura

Yuuma Nakamura

Yuuma Nakamura is a staff writer covering crypto, blockchain, finance and other technology for FintechZoom. Contact: [email protected]

Related Posts

Bitcoin crash | FintechZoom

Silvergate Capital closed and Bitcoin Crash to $19,800

March 10, 2023
Crypto fall | FintechZoom

Bitcoin price dropping $1100 to $22,394.4…Silvergate Fault?

March 3, 2023

How to Invest in Bitcoins: A Guide

March 1, 2023

What Crypto to Buy Now: The Ultimate Guide to Investing in Cryptocurrency

February 21, 2023

Bitcoin Price Today: is now at $24,664.4 (+1.41%) and trying to break the $25K resistance level.

February 18, 2023

What is Happening to Binance? Large Sums of Money were Transfered

February 16, 2023

Bitcoin Price Increased 13.1% Since Fed Governor Said Crypto Could Fall to Zero!

February 16, 2023

U.S. Federal Reserve and Cryptocurrency Market: Is FED and SEC leading the change?

February 14, 2023

Bitcoin price today down 0.98% at 21,613.6 USD and WTI Oil 0.68%

February 13, 2023
Next Post
Golden bitcoin | FintechZoom

Top Reasons for Bitcoin's Rising Price

Blue Bitcoin Coin | FintechZoom

Will Bitcoin Survive the Next Recession?

disney plus ps4 | FintechZoom

Activate Disney+ on PS4 and PS5 - The Ultimate Guide for disneyplus.com login/begin ps4

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO

© 2016-2023 FINTECH ZOOM - WORLD FINANCE