Another wave of recession is currently building up, analysts have predicted that the upcoming recession will be more than what was witnessed in 2008. without saying, it is clear that the Bitcoin price movement largely mirrors the United States stock price movement. This implies that a heavy fall in the stock market has a high propensity to plunge the price of Bitcoin.

This further implies that, when recession kicks in, those running away from the stock market will possibly not see Bitcoin as an option. What then is the purpose of Bitcoin whenever they say "Bitcoin was born in the wake of the 2008 recession" or is it just a mere saying?