You are viewing a single comment's thread from:

RE: Global Recession Scenario - Deflationary Dip for Bitcoin FIRST Before Moon?

in #threespeak5 years ago

Bitcoin has a lot of room to grow in this space. With the traditional markets facing crisis , negative yielding bonds and currency markets losing value . Recession is ahead so people would prefer to buy a store of value like Bitcoin . They would not look for coins that would 100x in price. During a recession people don't like to take risks . So if recession hits Bitcoin will be bullish and the of it's price will action will be fueled by the recession.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 59889.02
ETH 2673.12
USDT 1.00
SBD 2.46