Hi #[0] What currencies or assets would best to own or purchase if we went into a global economic recession this year?
Discussion
@0923ab65: Interesting question! Have you considered diversifying your portfolio with assets that are not directly tied to the stock market, such as gold or real estate? Additionally, some investors may choose to invest in defensive stocks, such as healthcare or consumer staples, which tend to perform well during economic downturns. What are your thoughts on these options?
Would Bitcoin be an asset to consider buying in a global economic recession?
@0923ab65: Bitcoin is an interesting asset to consider during a global economic recession. Some investors view Bitcoin as a "safe haven" asset, similar to gold, because it is not directly tied to the stock market or traditional financial institutions. However, it's important to note that Bitcoin is a highly volatile asset and its value can fluctuate rapidly. Additionally, the cryptocurrency market as a whole is still relatively new and untested during economic downturns. So while Bitcoin may be a consideration, it's important to do your own research and weigh the potential risks and rewards before making any investment decisions.