In times of global financial uncertainty, people often worry and stress about how their savings, bonds, and stocks will fare; they also often look to gold to help try and ride out the difficult times. With that being said, it must be remembered that Bitcoin is the offspring of the last financial crisis, so this time around, it will be interesting to see what role it will play.

At the moment, there are a lot of warning signs about that point towards another recession on its way. Things like the “Everything Bubble” are being spoken about, as well as a potential Growth Recession. The Everything Bubble suggests that, because of the previous policies following 2008, almost every market will pop.

A Growth Recession is what may follow the Everything Bubble where growth will not stop, but rather fall to incremental advances. This type of recession will see a lot more influence from the Federal Reserve in the US , and Central Bankers globally.

These financial actors are already hard at work trying to stimulate spending, we have seen policies from the Fed, and the European Central Bank, that is intended to boost the economy. Quantitative easing, in the US, and the dovish policies in Europe are in play, but they have their downsides.

Recently, it was noted that since mid-September, the Fed had injected $210 billion into the economy – that is more than the entire market cap of Bitcoin. These added funds should stimulate spending, but due to macroeconomic policies, a flood in supply will also cause a depreciation in the value of the currency.

These types of policies are being scrutinized more often nowadays, because of the poor performance of the economy in recent history. An argument broke out recently at a cryptocurrency conference between Bobby Lee and the 2008 crash predictor, economist Nouriel Roubini.

The crypto enthusiast Lee argued that it was unfair that $100 from 30 years ago has not got the same sway and spending power as it has today. While on the other hand, Roubini said he had no problem with any policies that the Federal Reserve and others institute as they work to stimulate the economy continually.

However, Bitcoin continues to come out in a positive light – in theory, at least. The coin may still be too small, and niche, and not well adopted, to be a real alternative to the global financial system, but its design is perfect for a crisis.

Because Bitcoin is decentralized, it has no one that can enact policies to manipulate its price and supply. And, speaking of its supply, it is made to be anti-inflationary as the supply is capped, as well as designed to become more scarce.

Bitcoin can hardly be leaned on to change our financial system in the potentially impending recession, but no doubt, a lot more people will look at it and wonder why it is not being adopted a lot more as a hedge against these central bankers and their damaging policies.