https://cointelegraph.com/news/global-recession-may-last-until-near-2024-bitcoin-halving-elon-muskThe world could be stuck with recession until Spring 2024, Musk guesses in a fresh blow to the risk asset outlook.
Bitcoin may spend the time until its next block subsidy halving battling recession, Elon Musk suggested.
In a
tweet on Oct. 21, the Tesla CEO revealed his belief that the world would only exit recession in Spring 2024.
After the United States entered a technical recession with its Q3 GDP data, debate continues over how much worse the scenario could get.
For Musk, while long predicting the United States economy would enter a recession, the likelihood of a global downturn lingering is now real.
He does this to be able to pump DOGE. Pretty much an a-hole move by him unless you happen to have a lot of doge.