What Is a ‘Recession?’ And Does Bitcoin Care?
Today’s gross domestic product report showed that the U.S. economy shrank for a second consecutive quarter, and if you paid close attention in macroeconomics class, you’ll likely start panicking.
What does this mean for bitcoin?
For traders of cryptocurrencies, and specifically bitcoin, the question is: Does it even matter at this point if the U.S. is in a recession?
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Coinbase(COIN.US$
What does this mean for bitcoin?
For traders of cryptocurrencies, and specifically bitcoin, the question is: Does it even matter at this point if the U.S. is in a recession?
$Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Coinbase(COIN.US$
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102175775 : it will be silly not to be cautious. it will affect majority of the population. some people are rigging the market to give people the impression that all is well. in the months to come, the truth will bite. you cant keep kicking the can down the road.
Giovanni Ayala :
