Above: Bitcoin In A Disaster Scenario – Cash & Gold Are King During Hurricanes.
The devastating hurricane strike of Puerto Rico proves that Bitcoin’s value in the area affected collapses to ZERO when the power grid goes down. Unlike gold and silver, your ability to access your bitcoins can vanish in an instant. Food, water, and gasoline are what matters during an emergency. If you need electricity for bitcoin, then during an emergency or disaster it will have little to no value. The same with people with credit cards or people that write good old fashioned checks.