Bitcoin will not save you from a blackout; stock up on food and lead, says cryptocurrency critic

Morganti asked, “How many Bitcoin enthusiasts know how to transfer Bitcoin via Morse code?” and “How many have the necessary equipment?”

Avelino Morganti, former Bitcoin investor and now cryptocurrency critic, believes that Bitcoin is not a salvation during a blackout period, like the one that occurred in Europe this Monday (28).

Instead, Morganti argues that the population should stock up on “food and lead” to protect themselves in these moments.#XRPETFs

According to international media reports, Spain and Portugal were the two most affected countries. Parts of southern France also lost power. The forecast is that it will take hours for distribution to return to normal.#BinanceAlphaAlert

Brazilian critic claims that Bitcoin will not save you from a blackout

The blackout in Europe started around 11:30 AM local time. On social media, it is possible to see photos and videos showing interruptions in public transport services, as well as lines at banks and crowded supermarkets.#BTC

Bitcoin was not affected by the blackout, mainly because there are no large mining operations in the region. However, even if there were, the network would continue to process transactions due to equipment installed in other countries.

Despite this, Brazilian Avelino Morganti criticized the cryptocurrency, noting that it will not be useful in a moment of crisis like the one currently experienced by Portugal, Spain, and the South of France.

“In a moment like a blackout, Bitcoin, dollar, t-bills, cannot save you. Sometimes not even gold and silver. It's the law of survival. The law of the strongest.”

“I have been saying for years that it's essential to have a stock of food and lead, and they call me crazy,” Morganti continued. “Forecast for power to return in Portugal is only in a week. Who's the crazy one now?”$BTC