Post
Topic
Board Speculation
Re: Here we go. Bitcoin ripping through $4000
by
exstasie
on 24/02/2019, 09:43:56 UTC
It's in line with late Dow Jones increase. We'll yet to see how Bitcoin copes with global economy recession.

Yep, I think it'll be a while too. As I expected, the V-bottom recovery in stocks was incredibly strong. All the doomsday predictions were wrong. We're probably in for more harsh volatility, but I think the great recession everyone is expecting has been delayed for a few more years.

All in all, that's good news for Bitcoin. I think a global economic contraction would spell disaster for most markets, especially speculative assets like Bitcoin.