Yeah, I would say we're in a recessional vibes situation and we're going to be here for the next years.
In Europe, it's that and also a kind of war time economy.
It begs the question, how will Bitcoin behave in a true recessionary environment?
Discussion
We'll see. Uncertain times ahead
I believe they're going to print a lot of money, because that's pretty much the only thing they can do. They can also cut spending and this will only further the recession.
And thus I believe the Euro will be massively devalued through inflation. As much as 15% year on year. Meaning in 3 years, almost 50% less value.
Which means in practice that Bitcoin will be a great investment, especially you have liquid fiat cash and want to be mobile in the next 10 years.
Because things can get more and more dystopian in the next years.