How bitcoin weathers the next recession will be a defining moment for it, because there isn't much precedent from its short history. However, what would certainly be bullish is if central banks once again engage in quantitative easing or money printing. This will make bitcoin and other finite goods more valuable relative to cheapened fiat currencies. I think bitcoin will come out stronger from a recession, though it might crash temporarily.
It would be nice to see how Bitcoin handles recession.I agree with what you said above. It never happened and if the banks print more money and cause inflation, Bitcoin could very well skyrocket and become the next gold.
Hopefully it would hit a price of $1M and John McAfee will not have to eat his pecker.
Bitcoin will become worth $1 million long after MacAfee with eat his words once again.