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Is Bitcoin affected by economic crisis

Is Bitcoin affected by economic crisis
Written by
Alex Carlson
Published on
April 16, 2020
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In recent decades, the population of the planet has gone several times through the global economic crisis. Many different factors often affect the way global economy works and even a slight change in these factors of global business can affect the whole picture. A proper example of such instances could be two most recent recessions recorded in modern history. First one that comes to mind is the financial crisis in 2009 that seriously affected the population of the whole planet. Currently, humanity is facing another threat that derived from the pandemic of 2020, with global finance being extremely fragile and volatile at the moment. The only financial entity that stays independent from external factors is Bitcoin and other prominent cryptocurrencies. Safety of Bitcoin During Economic CrisisA serious advantage of Bitcoin in this ordeal is the fact that it’s decentralized and not controlled by any entity or financial institution in the world. Bitcoin is completely self-dependent and free of all the possible external intrusions. It is considered by most financial analysts to be the safe haven during the times of global financial turbulence, because it’s not tied to anything and can easily come out of crisis unscathed. While most of the national currencies and “real money” will feel the negative effects, Bitcoin will remain mostly the same.Industries that Use Bitcoin The Financial Crisis has absolutely no effect on bitcoin and many industries have started to implement crypto solutions into their daily businesses. The most prominent enterprises that fully incorporated Bitcoin were always E-commerce companies. Online shops, retailers, service providers and exchanges, have all been avid supporters of Bitcoin because of its potential and stable independence in the times of worrying turbulence. From the day of its birth BTC has been a known tool of investment and profit generator. Aside from exchange and trade, there are other ways in which users can make money with Bitcoin. One of such ways is to gamble through Bitcoin Casino. Bitcoin Gambling is a relatively new, but incredibly impressive solution, gaining worldwide acclaim during the last 5+ years. Bitcoin Casinos hold considerable advantages compared to all the competition in the industry. They are faster, safer, more reliable, completely anonymous and fairer compared to standard online and physical casinos. There are BTC Casinos that fully epitomize these amazing features. These websites enable players to get full entertainment, while at the same time, possibly benefiting in the times of prominent financial crisis. There are many ways to make money with cryptocurrencies, but Bitcoin Gambling is probably the most fun way to do it.Image by Liam Ortiz from Pixabay

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