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Bitcoin is yet to witness its first global recession
Since its inception, bitcoin hasnt really witnessed a real recession. The covid pandemic recession was short lived and in fact very soon, the “economy” along with the price of bitcoin had rebounded harder than it had dropped. Now that fears of a recession are among all time highs, I can only theorize where wealth would be the safest in terms of retaining its store of value. The bond market interest rates have completely decoupled from the market meaning no ones wants to store their wealth in what was previously considered the safest investment. Meanwhile, Bitcoin and Gold have shown great resilience. I wonder what a possible recession in the near future would look like. What do you guys think? submitted by /u/floorediam [link] [comments]
Since its inception, bitcoin hasnt really witnessed a real recession. The covid pandemic recession was short lived and in fact very soon, the “economy” along with the price of bitcoin had rebounded harder than it had dropped. Now that fears of a recession are among all time highs, I can only theorize where wealth would be the safest in terms of retaining its store of value. The bond market interest rates have completely decoupled from the market meaning no ones wants to store their wealth in what was previously considered the safest investment. Meanwhile, Bitcoin and Gold have shown great resilience. I wonder what a possible recession in the near future would look like. What do you guys think?
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