Expert warning about Bitcoin's performance during economic recession. Stay informed with the latest analysis.
Markus Thielen, Chief Researcher at 10x Research, cautioned that the optimism of Bitcoin market participants regarding the impact of economic recession on the price of this digital currency may be premature. Thielen stated that the widening credit gap indicates deeper concerns of a recession penetrating the economy. While in the long term, an economic recession may benefit Bitcoin due to Federal Reserve’s expansionary monetary policies, in the short term, this digital currency will face negative pressures.
