Bitcoin and probably gold are the winners with this global economic havoc. People will look to safety/uncorrelated assets with all the uncertainty in the markets/global financial system. When governments come in and provide life support (liquidity), bitcoin will soak it up.
We may see more downside before we see upside for Bitcoin.
But sooner or later people realize that Bitcoin is not a risk asset, Bitcoin is the lifeboat.
#bitcoin #recession
learnaboutbit / Learn About Bit
npub12h…d9cgq
2024-08-05 23:35:33
Author Public Key
npub12h2pk4fg6gp4erd22593as03ddmx8h9ed96xpdqm77m7rh3fp4dsrd9cgqPublished at
2024-08-05 23:35:33Event JSON
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"content": "Bitcoin and probably gold are the winners with this global economic havoc. People will look to safety/uncorrelated assets with all the uncertainty in the markets/global financial system. When governments come in and provide life support (liquidity), bitcoin will soak it up.\n\nWe may see more downside before we see upside for Bitcoin. \n\nBut sooner or later people realize that Bitcoin is not a risk asset, Bitcoin is the lifeboat.\n\n#bitcoin #recession",
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