The recession is already here when the U.S. GDP reports showed two consecutive quarters of negative GDP growth. All the financial models show a guarantee of recession within the next 6 months, which is to say that the Q3 GDP report will show more negative growth. Europe will be having similar troubles once the domino effect of the global economy sucks the entire world into an economic downturn.
In addition, from a personal standpoint, investing in a cryptocurrency, especially bitcoin, acts as a buffer against the harsh realities of a recession.
Not exactly. If the global economy takes a dive, crypto market's going to suffer as would any other financial market. Institutional traders won't be putting their money in assets that are volatile during a recession.