If we’re seeing a big recession and many bankruptcies coming soon, it’s possible that Bitcoin could fall in the first phase, since people will need money or are too overleveraged. But in the second phase, there could be a storm into hard assets like bitcoin, gold and silver. Since 1. the stock market could struggle if companies will make less money, because of less purchasing power in the population. 2. the real estate bubble could pop if too many loose their jobs or can’t pay their mortgages anymore. And then there wont be many alternatives to hard assets left. The big fish are probably sitting on cash rn waiting to buy everything up for cheap, if it comes to this. So i think there’s really no room for higher interest rates or this will be a likely scenario.