Joker on Nostr: How Will Bitcoin Behave During A Recession #GotBitcoin It’s most likely to rise ...
How Will Bitcoin Behave During A Recession #GotBitcoin
It’s most likely to rise when there is inflation and declining trust in government.
"Bitcoin Is The Escape Hatch From The Crumbling Fiat System, The Lifeboat In The Sea Of Failing Currencies, The Ultimate Hedge Against The Collapsing Financial System." Joker
In a typical recession, Bitcoin would be sold down like any other risk asset, but it would thrive in a currency or a sovereign debt crisis. Bitcoin works as a hedge against calamity, not recession.
Economists find it increasingly likely that the US will soon (if not currently) experience a recession. Many Bitcoiners believe that the price of Bitcoin will rise in a recession, but that may be wishful thinking. Bitcoin's behavior depends on what type of recession the economy is in...
Remainder Of The Article:
https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/how-will-bitcoin-behave-during-a-recession-gotbitcoin/ 
Published at
2024-08-05 03:06:16Event JSON
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"content": "How Will Bitcoin Behave During A Recession #GotBitcoin\n\nIt’s most likely to rise when there is inflation and declining trust in government. \n\n\"Bitcoin Is The Escape Hatch From The Crumbling Fiat System, The Lifeboat In The Sea Of Failing Currencies, The Ultimate Hedge Against The Collapsing Financial System.\" Joker\n\nIn a typical recession, Bitcoin would be sold down like any other risk asset, but it would thrive in a currency or a sovereign debt crisis. Bitcoin works as a hedge against calamity, not recession.\n\nEconomists find it increasingly likely that the US will soon (if not currently) experience a recession. Many Bitcoiners believe that the price of Bitcoin will rise in a recession, but that may be wishful thinking. Bitcoin's behavior depends on what type of recession the economy is in...\n\nRemainder Of The Article: https://dpl-surveillance-equipment.com/bitcoin-and-crypto-currency/how-will-bitcoin-behave-during-a-recession-gotbitcoin/\n\nhttps://image.nostr.build/4f7133196ca1a3af98b277ba118f9d9d3d1d8712b06f6505e9a44f21c2bb12db.png",
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