Gold goes up in a recession as it is a safe storage of wealth when everything else goes down.
Given how bitcoin to some extent is the gold currency of cryptocurrencies, how does it behave in a recession?
One one hand people may come to it as a recession proof asset (although it’s still needs more mass adoption), and on the other hand during recessions purchasing power is reduced due to reduced liquidity and more fear in the market.
What do you think?
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