Bitcoin (BTC) has so far lived through a decade of growing economic activity. But now, indicators are pointing to a recession, which cannot be remedied by central banks. Despite rock-bottom interest rates, and liquidity injections, the world’s leading economies may see a slowdown.
BTC made its biggest gains and rallies in a decade of economic expansion, which saw the ascent of tech giants. Now, the tide may be turning.
There are two major predictions for BTC - one is that its price would boom as a hedge against stagnation and low returns; the other is that BTC would be forgotten as the recession kills the exuberance and taste...