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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
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Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

How Bitcoin Is the Answer to The Questions Everyone Should Be Asking Ahead of Crisis

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
3 mins read
bitcoin gold peter schiff crypto recession economy

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A number of factors and metrics point to a potential economic meltdown looming just around the corner. With disaster possibly inbound, there are a number of questions that investors and even the general public should be asking ahead of crisis coming to a head – questions that Bitcoin is the common answer to.

The Man Who Called the Last Financial Crisis Poses Critical Questions

You probably have heard the name Peter Schiff, notably for his negative comments towards Bitcoin and cryptocurrency.

Love him or hate him, though, he accurately nailed a prediction that the housing market would bring forth a recession back in 2008.

Related Reading | The Coronavirus May Be The Best Reason Yet To Own Bitcoin 

That recession, and the various bank bailouts, is partially what prompted Satoshi Nakamoto to create Bitcoin.

The first-ever cryptocurrency’s origins are so heavily steeped in recession, a headline from The Times referencing key moments during the recession can be found in the earliest block added to Bitcoin’s chain.

Schiff is back at it once again, making headlines for what he calls a stock market bubble bursting and what may ultimately become the worst recession the world has ever witnessed.

In response to chaos hitting financial markets and fears spreading rapidly, the pro-gold supporter has posed a number of questions he recommends investors and the rest of the population must ask themselves to better prepare for the coming crisis.

Here are the questions everyone should be asking. What happens when the U.S. dollar crashes? What happens to Treasuries when the dollar crashes? What happens to corporate bonds when Treasuries crash? What happens to the stock market and the U.S. economy when interest rates soar?

— Peter Schiff (@PeterSchiff) March 6, 2020

Of the most significant of Schiff’s questions, and the factor that starts the entire ripple effect on the economy, is “what happens when the US dollar crashes?”

How Bitcoin Answers the Most Important Questions Investors Are Asking

Peter Schiff is referencing the fact that each time the economy struggles, more fiat currencies are printed, providing a temporary boost to growth, but also delaying the inevitable.

Governments have inflated economies with fiat currencies printed at whim, to the point of devaluing these currencies to dangerous levels. And with debt soaring to all-time highs, a collapse of the dollar could have serious implications.

But the answer to these questions and the solutions to these issues lie in the precious metal he regularly promotes, and in the digital currency, he despises the most: Bitcoin.

Gold has been in use for thousands of years, but more recently, it’s become a safe haven asset for investors to move wealthy during economic downturns.

The only problem is, gold in its physical form is a very poor choice as a currency. So while investors will likely move capital to gold like they always do, it doesn’t properly solve the problem of fiat currencies dying off.

Bitcoin, however, offers nearly every beneficial attribute that makes gold special and valuable, including scarcity and its ability to act as a store of wealth.

Related Reading | Move Over Bitcoin: Pro-Gold Peter Schiff Blasts the Stock Market Bubble 

But because Bitcoin doesn’t exist in a physical form it is infinitely better as a currency and replacement for fiat than gold.

Bitcoin was designed during the last recession as a means to prevent these events from occurring in the future. With the first recession here since the asset was first created, the world will finally get to see if Bitcoin lives up to its lofty expectations and saves the world from the total collapse of the fiat-driven, government-controlled economy.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Created by industry experts and meticulously reviewed
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