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Bitcoin in a true SHTF scenario

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An old school thread for the old school stackers…

Although I’m personally not a hardcore prepper, it’s a question that I often ponder. How would Bitcoin fair in a true ‘shit hit the fan’ scenario?

What we know:

  • Bitcoin relies on an internet connection (for most part, for most people - I know there are other options for sending transactions but most folk wont have this kind of set up)
  • In most SHTF scenarios, power will be lost. Which would mean internet.
  • 4/5G is a possible option, providing the SHTF is concentrated to one area only. Limited to 4/5G repeaters in the area still operating.
  • Bitcoin was used in the recent war in Ukraine to store/transfer wealth. It appeared to work here, although I do not have all the facts for this.

In a SHTF scenario, we would need:

  • Person to person currency/trading (p2p)
  • A store of wealth
  • and a means to possibly bug out and travel with the above two safely

Have I missed any discussion points here?

And is Bitcoin on your SHTF checklist?

submitted by /u/Friendly_Monkey69
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