I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:
https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
I think bitcoin is not going to be negatively affected by a recession since it's an uncorrelated asset. Its performance is not directly tied to corporate earnings and interest rates, etc. my personal opinion is that Bitcoin is anti-fragile and it gets stronger every time it survives from stress and chaos, because every time it recovers the more confidence people have in it going forward. Bitcoin is not the same bubble like most stocks. Most stocks bubbles burst and they never recover but Bitcoin recovers and is twice as strong.
Bitcoin is an uncorrelated asset.
But I do think it might get affected in a recession because people tend to sell assets in hard times to pay their bills. So we might see a wave of people selling their bitcoin savings if they lose their job for instance.