How would a global recession affect cryptocurrencies?
The global recession has started, and we know what it means for the global economy and the majority of people. However, I believe that we still genuinely don't know what's going to happen to cryptos. To be honest, at this point I care only about Bitcoin, so I won't mention other coins in this post. So, I am pretty sure that the recession will affect Bitcoin. What we've already seen is how the price fell drastically 3 weeks ago, but then it recovered a bit lately. It seems natural to expect Bitcoin to go down along with everything else at least for a while. Then, however, people might try to make it a safe haven, and Bitcoin can grow, but it largely depends on what people who'll start losing other assets they currently possess will decide to do.