What happens to cryptocurrency in a recession

what happens to cryptocurrency in a recession

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Optimism surrounding the possible approval becoming clear that the Wild helped contribute to a rally in the price of Bitcoin.

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However, there is literally no telling how Crypto will do in a recession that is dragged out over years. Especially crucial since the halvening. If a recession is caused by inflation, or poor government policies, investors may look at crypto assets as a safe haven because they are. Cointelegraph analyst and writer Marcel Pechman explains how a potential looming recession might be causing Bitcoin's price to rise.
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The advancement of generative AI is equally important to economic development as other major trends. Bankrate logo The Bankrate promise. During times of uncertainty and currency depreciation, some people resort to Bitcoin to retain money and protect their assets from the loss of purchasing power.