This is what makes this different from 2008. Back then there was no exit from the system. The system was everything.
Now we have Bitcoin.
As more and more people face the very real prospect of their liquid wealth (money) being frozen, unavailable, confiscated or stolen by failing institutions, They will also notice that the Bitcoin that people have on their phone is still there, completely unaware of any collapse, what the financial system is doing etc.
The value of that bitcoin may fluctuate based on the extremely volatile fiat world as it collapses under it's own weight, but it will still be there. No one can take that from you.
And we wonder why the price seems to be going up.
Eventually you realize that it is not the price of bitcoin going up, but rather that we finally have something outside of the system by which to measure and just the value in the system........ the price of bitcoin actuall reflects that value of fiat tanking.
This is what makes this different from 2008. Back then there was no exit from the system. The system was everything.
Now we have Bitcoin.
As more and more people face the very real prospect of their liquid wealth (money) being frozen, unavailable, confiscated or stolen by failing institutions, They will also notice that the Bitcoin that people have on their phone is still there, completely unaware of any collapse, what the financial system is doing etc.
The value of that bitcoin may fluctuate based on the extremely volatile fiat world as it collapses under it's own weight, but it will still be there. No one can take that from you.
And we wonder why the price seems to be going up.
Eventually you realize that it is not the price of bitcoin going up, but rather that we finally have something outside of the system by which to measure and just the value in the system........ the price of bitcoin actuall reflects that value of fiat tanking.