Bitcoin has never been through a recession
Eh...bitcoin was introduced to the world right at the beginning of a huge recession and existed and thrived all the way through it. By the time the economy had recovered in 2013 or so, bitcoin was hitting a huge high. So that statement isn't exactly true. What's true is that it hasn't been through the
next recession, which I guess is what this thread is about.
Now, this "upcoming" recession thing: I have no doubt that the stock market and economy can't continue to boom forever. We've been in one of the longest bull markets in history, but as they say the laws of gravity apply to economics too. What I'm not sure of--and what no one can be sure of--is when the economy is going to start heading south. Right now things still seem to be pretty good, though I confess I don't stay abreast of financial news anymore.
My best guess as far as bitcoin is concerned is that it might crash right along with the stock market. When stocks start to slide, investors tend to move their money to more stable assets like bonds, metals, real estate, and the like. I have a feeling that money isn't going to move into crypto--it's just not safe enough (and that's a serious understatement). As it stands, there are probably a lot of people investing in bitcoin who can't really afford to do so. What do you think is going to happen if unemployment numbers start to increase? Yep, they'll sell their bitcoin for whatever they can get.
But hey, I could be totally wrong. As I said, bitcoin did boom right through the housing/banking crisis of 2008-20XX. In any case, I'm hoping the next recession doesn't come soon and that bitcoin will at least retain most of its value.