What do you guys think will happen to the price of bitcoin (and altcoins for that matter) during a recession? Often when stocks went down a little crypto market would surge. But how will bitcoin behave in a full on world economic recession? Because history tells us that a recession is coming, we haven't had one in ten years, it might be 2018,2019, or even 2020 but it's coming. Do you think the traditional market and the cryptocurrency market are negatively or positively correlated? (Or are they correlated at all for that matter?)
Bitcoin price might go down a lot. This is because at the time of recession it would be obvious that people like you and me will have no funding option but to get our crypto currencies sold out. In this way everyone will mostly sell the bitcoins and will get the more stable assets invested such as gold or silver. We never know what will happen to rest of the crypto currencies but bitcoin would be number one currency to be sold. Because at the time of recession the only thing that will be less is the money! Bitcoin will become prior source of funding.