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.
I am Indian citizen and by analyzing current economy of my country, I can clearly state we aren't moving towards any kind of recession. Our growth rate is higher than inflation itself which is clear indices that we are on track of development. Same trend is also existing in other Asian countries so I don't think there is any possibility of Global Recession coming when biggest continent is on the road of prosperity.
Bitcoin economy isn't much effected by Global Economy mainly because Bitcoin isn't mainstream security at the moment. It hardly makes 0.01% of Global Economy and several big industries like Iron Industry, etc have much big market than Bitcoin so it hardly matters if we talking about whole economy at same time.