What happens to Bitcoin in a recession?

What would happen to Bitcoin in a recession and would we continue holding?
Bitcoin would become incredibly more valuable in a recession because it is the ultimate store of value.
Prices could rise or fall, but Bitcoin will continue being the best asset with global liquidity.
#bitcoin #maplebitcoin #bitcoinnews #crypto #investing #realestateinvesting

TIMESTAMPS:
[00:05] Bitcoin as a hedge against recession: The discussion begins with the question of whether to sell Bitcoin during a recession, with the consensus being a firm "no." The argument is that Bitcoin is precisely what one should hold during such times, as opposed to fiat currencies.
[00:36] Concerns beyond recession: The conversation shifts to a greater concern: the potential for governments to print money excessively, making life unaffordable and forcing even Bitcoin holders to sell their assets to cover living expenses.
[01:46] The wealthy and Bitcoin: It's observed that those who have accumulated wealth often did so by anticipating market trends and investing in Bitcoin.
[02:21] Prices increasing and Bitcoin: The discussion explores how rising prices could lead some to sell Bitcoin, while others, benefiting from increased prices in their own businesses, might accumulate even more.
[03:39] Fiat currency trajectory: The inherent structure of fiat capitalist societies leads to a widening gap between the rich and the poor. Bitcoin is presented as a means for the average person to gain influence and power, especially as fiat systems falter.
[06:17] Bitcoin's deflationary nature: Bitcoiners understand that prices in US dollars will continue to rise, while prices in Bitcoin will fall.
[08:19] Loss of trust in fiat: As fiat currencies weaken, trust erodes, highlighting Bitcoin's strength as a trustless network.
[09:45] The inevitable shift to Bitcoin: As more individuals recognize the illusory nature of fiat currencies, a shift towards demanding and using Bitcoin for transactions is anticipated.

THIS CHANNEL IS 100% COMMUNITY FUNDED!
If you would like to support the channel,
1. Lightning - [email protected]
2. On-chain - bc1qd5v6875mx55veq6ef6kn6p8sj5k4k2kkduftax
3. Sharing the video on your favorite social media platform
4. Pressing the like button
5. Leaving a comment telling us if you have switched to Bitcoin Knots

CONTACT US: [email protected]

Find our solo channels here
Rajat at https://www.youtube.com/@rajatsonifinance
Jor at https://www.youtube.com/@88SATSradio
Forrest at https://www.youtube.com/@bitcoinnotcrypto

Book a call with one of us:
Rajat: https://rajatsonifinance.schedulista.com/
Jor: https://bitcoinjourney.ca/
Forrest: https://www.differentmedia.ca/bitcoin