Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam BackBitcoin may rally despite recessionWhile most analysts hope to see trade negotiations in May alleviate economic concerns, Bitcoin may see more upside even in the face of a potential recession.“Initially, Bitcoin and cryptocurrencies may experience volatility, dropping alongside risk assets like stocks due to investor sell-offs,” Anndy Lian, author and intergovernmental blockchain adviser, told Cointelegraph, adding:“Historical data, such as Bitcoin’s recovery post-2020 recession, suggests it could rebound, especially if seen as a hedge against inflation.”“In stagflation (high inflation and slow growth), Bitcoin, often compared to gold, may perform well, attracting investors seeking value preservation.
Related: Bitcoin to $1M by 2029 fueled by ETF and gov’t demand — Bitwise execOther industry watchers remain concerned by the crypto market’s response to economic stagnation.“If the analysts are correct about the recession (which is certainly not guaranteed), crypto markets will likely decline alongside broader risk-on assets and equities,” according to Marcin Kazmierczak, co-founder and chief operating officer of blockchain oracle firm RedStone.
Source: Samantha LaDuc“May is seen as pivotal as Chinese shipments reach the US’s shores, and exemptions on some tariff categories such as auto parts and sub-USD-800 shipments from China/ Hong Kong expire,” Barthere told Cointelegraph, adding that a lack of negotiations in May could lead to an economic recession and “double-digit losses” for Bitcoin.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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