You think that recession will be good for bitcoin though? For much of 2016-2019 it has traded like a risky asset...
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You think that recession will be good for bitcoin though? For much of 2016-2019 it has traded like a risky asset...
bitcoin was created because of the corrupting factors that cause recessions. i have to assume it will do well during one
Correct, though most of the people buying in currently are doing so for speculative purposes. Speculative assets get hit the hardest during times of recession.
Ironically enough, I think Bitcoin becomes much less speculative during a recession. It's already been shown that fiat currencies that hyper inflate lose more value than Bitcoin did during the bear market. Fiat that hyper inflates during a crypto bull run will incentivize everyone in that country to exit.
If they can of course. Banning crypto, including throwing people caught with it in jail, during a time of large capital outflows could likely happen.