📉 It seems that the US might be heading into a recession. The stock market tumbled, and Bitcoin wasn't spared initially, dipping to around $62,350. However, I believe this situation could benefit Bitcoin in the long run.
The weaker USD, spurred by poor job numbers and rising unemployment, means that Bitcoin could break away from traditional market trends.
Unlike stocks, Bitcoin’s value isn't tied to earnings but to liquidity. If the Fed cuts interest rates as expected, we might see a boost for Bitcoin as a fixed-supply asset.
💡In unstable times, Bitcoin can be that powerful force everyone hopes for. So, while the short-term may look shaky, I think the long-term prospects for Bitcoin remain promising. 0 reply
0 recast
4 reactions