Analyst Explains Why Bitcoin Investors Shouldn’t “Pray for a Recession”

Despite sporting a market cap of over $100 billion, Bitcoin is only 11 years old, having launched in 2009. This means that while the cryptocurrency has been through a lot, it has not yet been through a full-fledged financial recession. Related Reading: Altered Carbon: Bitcoin & Top Crypto Assets Just Made A Brief Appearance This has left many wondering how the cryptocurrency will fare in such a macroeconomic environment. Although many lean bullish, arguing that Bitcoin should be unaffected by a downturn in the economy, one prominent trader suggests otherwise,...