Bitcoin will not fall in the coming recession..

For three reasons:

If a recession was obvious and bitcoin actually fell the opportunity to buy cheap coins would be too enticing given that the thing that bitcoin was literally born out of ( the 08' financial crisis) was happening again.. Smart money is already sitting on the largest cash positions they have ever had specifically for buying opportunities like this.

The halving is in six months, so even if demand for new mining supply dropped by half in a recession the halving would mean prices would stay the same..

People will be fleeing stocks globally and even bonds this time (more money than bitcoin has ever known). Gold will be the go to safe haven, but if 1% of the money going into gold goes into bitcoin instead the price of bitcoin will rise far more than gold percentage wise as bitcoin is a tiny market compared to gold.

The price may trend sideways or slightly down through the beginning of a recession but it wont crash, and once the banks start their inevitable bail-ins and the panic sets in its moon time.

Submitted October 13, 2019 at 10:23AM by slvbtc https://ift.tt/35w3tgE