Anyone have any thoughts on a global recession happening? Brexit obviously a huge deal, and people are talking about the breakup of UK and European Union.
Obviously, times like these make people very happy about having cash reserves to take advantage of opportunities. Anyone have any thoughts on the next 6-24 months? And how would this affect the bitcoin economy? Would like to hear some thoughts/opinions.
The economies of the US, Europe, China, India, and Japan (you know, just to name of few) are all growing presently. You can't have a global recession when all the biggest economies are growing. A recession is a technical classification meaning two straight quarters of economic retraction. Any growth means it's not a recession, and wide-spread growth as we are currently experiencing means even less so. That's not to say one can't start, and recessions are a natural part of the expansion cycle. It's actually interesting to consider if the losses of late crypto buyers (especially institutional investors who just got into Bitcoin) could help along a recession.