What makes Bitcoin safe?
If I have physical gold hidden somewhere and someone physically tortures me to make me give up that location, what would stop them physically torturing me to give up my seed phrase?
Genuinely, if shit hit the fan you wouldn't be concerned with online purchases, gold silver Bitcoin or whatever else would be used for local trade in that scenario.
And if it's because people don't know you have Bitcoin, the same applies for gold or silver.
Nobody would need to know until it starts getting spent in which case people know.
The whole stock market side of it is just a scam, that's not real gold, it's not real Bitcoin either.
It's just IOUs.
I wouldn't be surprised if half the gold and Bitcoin on the stock market or crypto exchanges doesn't exist.
It'd be interesting to see a bank run event take place on crypto exchanges, bet most would run out.
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the gold bugs have been dreaming of this "bank run event" for decades. it is very unlikely.
with governments that have money printers and economies that are dependent on the house of cards, they can paper over any bank runs.