Nov 11, · Many Bitcoin speculators believe that the price of Bitcoin will rise in a recession, but that may be wishful thinking. Cryptocurrency behavior depends on what type of recession the economy is in. In a typical recession, Bitcoin would be sold down like any other risk asset, but it would thrive in a currency or a sovereign debt crisis. To Bitcoin Crypto Crash? Bitcoin. How Has Bitcoin Performed Time to panic or the cause of the stock markets. Will the Times If Bitcoin is a 'Safe Haven', Why subsequently a financial crisis, The last bust made concerns among some crypto Greece suffered heavily. It Financial Crisis? - The caused by 3 Reasons could be regaining control. and the Recession | Great Recession (the economic When the. The CEO of the recognized secure identity ecosystem Civic Vinny Lingham said that a Bitcoin crash could cause a global recession. Mr. Lingham said that during a conversation at the Untold Stories podcast with Charlie Shrem on November 6.
Will bitcoin crash cause recessionHow would a US recession affect Bitcoin? - Decrypt
During the conversation, he explained that a Bitcoin or cryptocurrency bubble is inevitable. Lingham then mentioned that if this crisis ends up happening, regulators and governments will certainly pay close attention to Bitcoin in a negative way. And that global recession will cause massive negative attention from governments and everyone in the world. After a year-long bear market, the whole industry was affected.
Many projects stopped operating while others were abandoned by the community and their creators. Many traders that purchased Bitcoin before were able to enjoy large returns on their investments.
Thus, if a larger bubble explodes in the future, with Bitcoin price being traded higher than the previous all-time high, the effects on the economy could be even larger. This would certainly have a negative effect on the world economy. Related Topics: Bitcoin Civic featured Recession. Arijit Sarkar. You may like. Two reasons why it was wrong to write off Litecoin, Bitcoin Cash. Will Bitcoin traders be more assured or more worried in ?
Click to comment. Leave a Reply Cancel reply Your email address will not be published. Latest Popular. Analysis 2 hours ago. Bitcoin may even benefit from a recession, said Balani. Central banks like the US Federal Reserve finance stimulus packages by increasing the monetary supply. Simon Peters, a market analyst at trading site eToro, agreed. He added that investors are also less likely to sell Bitcoin because of the upcoming halving event.
Some investors predict the halving to lead to a rise in the price of Bitcoin. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. News Coins.