---
title: "Spencer Bogart: Bitcoin will survive even during a major financial crisis | ICOLINK"
description: "Spencer Bogart, general partner at Blockchain Capital, a venture capital firm, expressed confidence that Bitcoin will become a safe asset in the long run.In an interview with Bloomberg, Bogart noted that the risks of devaluation of fiat money would boost the Bitcoin exchange rate."
url: "https://icolink.com/ico-news/spencer-bogart-bitcoin-will-survive-during-a-crisis.html"
markdown_url: "https://icolink.com/ico-news/spencer-bogart-bitcoin-will-survive-during-a-crisis.html.md"
date: "2026-06-29T23:17:42+00:00"
language: "en-GB"
---

# Spencer Bogart: Bitcoin will survive even during a major financial crisis

> Spencer Bogart, general partner at Blockchain Capital, a venture capital firm, expressed confidence that Bitcoin will become a safe asset in the long run.In an interview with Bloomberg, Bogart noted that the risks of devaluation of fiat money would boost the Bitcoin exchange rate.

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Wednesday, 21 August 2019

Spencer Bogart, general partner at Blockchain Capital, a venture capital firm, expressed confidence that Bitcoin will become a safe asset in the long run.

In an interview with Bloomberg, Bogart noted that the risks of devaluation of fiat money would boost the Bitcoin exchange rate.

> **"I think longer term Bitcoin will absolutely be a safe haven [...] I think that when you have looming risks of monetary devaluation, things like this, Bitcoin certainly looks very attractive. And I think that was a large driver of the recent run-up in price,"**
>
> he said.

Bogart believes that in the event of a serious global economic crisis, the Bitcoin rate may go down, although the crisis itself must survive the first cryptocurrency. However, now there is no crisis in the market and large-scale problems in the world market are not expected.

> **"When you think about really severe crises taking place, a liquidity crunch, another global financial crisis, I think that Bitcoin will struggle to do very well from a price perspective,"**
>
> said Bogart.

At the end of last year, Bogart said that even despite the fall of markets and price fluctuations, cryptocurrencies still have enormous potential.

[SOURCE](https://cointelegraph.com/news/bitcoin-price-will-struggle-in-big-financial-crisis-says-investor)

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