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RE: Global Recession Scenario - Deflationary Dip for Bitcoin FIRST Before Moon?
Bitcoin has a lot of room to grow in this space. With the traditional markets facing crisis , negative yielding bonds and currency markets losing value . Recession is ahead so people would prefer to buy a store of value like Bitcoin . They would not look for coins that would 100x in price. During a recession people don't like to take risks . So if recession hits Bitcoin will be bullish and the of it's price will action will be fueled by the recession.