Though doomsday predictions have been around as long as anyone can remember, global fears of an apocalypse-like scenario have grown among some thinkers in recent years. How sustainable will bitcoin and its underlying blockchain be in the event of a worldwide apocalyptic event?

The reasons for the increased concern include massive global economic and political turbulence, the failure of many central banks to plan appropriately, and a return of tyrannical governance in certain regions across the globe.

In the past, when people feared for the future of society, they tended to buy up large quantities of a safe haven asset like gold. Now, some of those same investors are shifting their holdings toward digital currencies like bitcoin. 

Question of Power Outage Viability

A recent article by describes a trend among the super-rich in Silicon Valley, in which these major investors and venture capitalists have begun to shift their stores of assets toward digital currencies.

One can easily understand the appeal right now, when bitcoin prices continue to rise with no apparent end in sight. However, what would happen to bitcoin if there is a massive power outage or energy crisis in the United States or around the globe?

Bitcoin depends on the Internet in a major way. As a decentralized digital currency, everything from the mining of new bitcoins to the transactions across digital currency exchanges and the retention of records in the distributed ledger depends upon this global connectivity.

Thanks to bitcoin's decentralized nature, some analysts believe it would survive well, but that's very much dependent on there being a sustained source of global electricity and internet. If an apocalyptic event should wipe out power, this could make it much more difficult for bitcoin and its investors.

Blockchain Could Survive

Interestingly, the blockchain could survive offline, as records could be stored without the use of power. Given that no new transactions would be possible during a global outage, as soon as power was restored and miners could reboot the bitcoin network, the blockchain would be ready to take on further updates.

The bigger concern for investors hoarding bitcoin and other digital currencies in case of a major global crisis, however, is how they would access those funds during such a time. Even if power and internet remained available, many brick-and-mortar stores across the globe have yet to integrate digital currency payment systems into their everyday operations.

What good would a massive supply of online tokens do someone if they weren't able to use those tokens to buy necessities in a life-threatening situation? At least gold and other safe haven assets are tangible items.

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