Bitcoin Q&A: Global financial crisis (GFC)

Bitcoin Q&A: Global financial crisis (GFC)

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The coming global financial crisis (GFC). What will happen in Bitcoin and other cryptocurrencies? Some people are a bit gleeful about the idea of a global financial crisis, that it will “send bitcoin to the moon.” Beware what you wish for. Small-scale regional crises could show people why alternative systems (to protect against inflation and currency controls, for refugees to send money home, etc) are better and give them an opportunity to escape. Remember that such events would cause investment to dry up. During the crisis in Greece, people didn’t flock to buy gold or bitcoin, because they didn’t have any money in the bank! They took out their paychecks as fast as they could and tried to make it until next week. Ugly, sudden, painful crises kill, imprison, and persecute a lot of people. Gradual, non-violent transitions to superior systems are obviously preferred. The way to achieve success is through informed choice, not desperation. You’re all here because you chose to be, and that’s how we’d like to keep it.

This is part of a talk which took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia:

Watch the full talk here:

Will Bitcoin save us from a global currency crisis? –
What will replace our current banking system after the currency crisis? –
Trump and the economic crisis –
The Currency Wars and Bitcoin’s Neutrality –
The War on Cash and Crypto –
How will the currency war effect companies? –
Divisibility and deflationary money –
The separation of money and state –
The end of vampire-squid financing –
A voluntary alternative to mandatory currencies –

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.

Follow on Twitter: @aantonop

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.




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Outro Music: “Unbounded” by Orfan (
Outro Graphics: Phneep (
Outro Art: Rock Barcellos (

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