Post
Topic
Board Economics
Re: How Will The Upcoming Recession Affect Bitcoin?
by
exstasie
on 17/09/2019, 21:46:05 UTC
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.

Not so sure about that assessment. Satoshi was probably the only miner on the network when the 2008 recession officially ended. By the time Mt. Gox launched in mid-2010 and efficient price discovery began, the recession was way in the rear view mirror:

Quote
According to the nonprofit National Bureau of Economic Research (the official arbiter of U.S. recessions), the recession in the U.S. began in December 2007 and ended in June 2009, thus extending over 19 months.
Source: https://en.wikipedia.org/wiki/Great_Recession