Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?
A recession is long overdue. Its going to happen eventually. It would not surprise me if next year the US stock market goes into a recession and bear market. However this may not be bad for Bitcoin. People tend to invest more in gold during a recession so maybe the same is true for Bitcoin.
Yes last time when we witnessed recession we didn't have any other option than gold but now we have crypto currency (bitcoin) and if we really go through recession then bitcoin will be choice for people to park their investment as recession just break havocs. If we look around there are wars and poverty everywhere which is a sign of recession.