If a Dotcom type of an event affected bitcoin ecosystem, it would not have recovered - it had millions of participants actively winding up and unwinding positions in real time, which is not something that bitcoin is capable of supporting at this time.
If a Housing Bubble type of an event affected bitcoin ecosystem, it would not have recovered. Lots of special purpose leveraged positions needed to be de-leveraged. Something that bitcoin is not capable of supporting.
If LTCM type event affected bitcoin ecosystem it would not have recovered. I dont even want to think about the effect of LTCM type event on a bitcoin.
All three were absolutely survived by the modern economies.
Sure, but not everyone has the privilege of living in a first world country. See for example the Republic of Georgia utilising blockchain tech to secure real estate transactions [0]. Now I am actually less afraid of investing my money as I don't trust their government.
It does use bitcoin to verify the transactions. Point is, bitcoin - currently being the biggest blockchain deployed - is more trustworthy than most governments and therefore most currencies.
I am not an economist though and regulations seem to be necessary in the real world. Any ideas as to what technology, giving widespread adoption, would make them obsolete?