Recession can be positive for Bitcoin. Right now there are many countries in recession after coming out from lockdown, and Bitcoin has been positive, except previous negative it experienced around February – March. During recession, most people, especially investors, will be on the lookout for an asset that will help them to retain the value for their money, and as you can see, there are many people buying Bitcoin now. It’s not just people, companies too.
in times of world recession like today, maintaining value and getting more return from investment is needed. Indeed, several large companies rely on bitcoin to be a profitable investment because the bitcoin market continues despite the ongoing recession. Bitcoin is a popular asset today and many people invest in it. Other large companies make bitcoin as a financial reserve for their company and many more companies are starting to adopt bitcoin on a small or large scale.