Some people I follow like Jeff Snider, Ed Dowd and Hugh Hendry calling for recession in next 6-24 months. Timing of it could lower the peak of coming BTC bull run. How does BTC perform in such a sell off in assets you think?
#btc #asknostr #macro #plebchain
Hard sell off then massive correction
It rips super hard because money is transferred to Btc as the safe haven in the sell off. Time to rip it.
I'd say we are already in a recession in the US. At 35T debt and growing, it is only going to get worse before it gets better.
If it gets as bad as 1929, people will be worried about their next meal and not buying BTC. So the demand would be coming from the 1 percenters I guess.
A better question is: When the shit hits the fan, will you be willing to donate some of your BTC to help others in your local community?
Hope, Faith, and Charity.
When people are facing foreclosures, will they dump their house to buy more Bitcoin, or will they dump their Bitcoin to save the house?
A recession is a recession. Everything gets repriced, including Bitcoin.
But I doubt there will be a recession. I believe all these models, that have been predicting a recession for two years now, are worthless, because they assume a fiscal policy from governments. Kneedeep in cheap debt that gets repriced, however, governments have switched to monetary policy. There’s so much liquidity waiting at the gates, I’m preparing for a Banana zone…
