Doomsday Preppers are Backing Bitcoin!
One of my biggest questions about the strength of bitcoin is can it exist after a banking collapse?
My thought has been yes, but would I bet my house on it or excuse the pun bank on it?
Here is an interesting article I’ve read on Bloomberg these Prepper’s are also putting their money into Bitcoin as they believe it is the way to go as it avoids Governments, central banks and is more portable than gold!
Source Bloomberg.com
https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse
Image courtesy of https://pixabay.com/en/bitcoin-btc-cryptocurrency-1813505/
I'm a prepper, and I use crypto a bit... but I don't necessarily connect the two together.
In most bad times scenarios, the internet will be restricted or down.
Well, I was surprised to read it. This is the point, will the authorities clamp down by turning off the switch to the internet? I think for a country like the UK it would be no and I believe if that was to happen it would cause more discontent faster.