Things are pretty rough for the global financial markets at the moment. So much so that economists are speculating that we’re about to go into a recession. Recession affects all of us, but for those that hold Bitcoin or other cryptocurrencies, things might feel a little more uncertain. Why? Well, we haven’t really seen a global recession since the rise of cryptocurrencies. With that being said, the invention of Bitcoin was in a sense a response to the global financial crisis in 2008. Satoshi Nakamoto himself cited bank bailouts and centralized financial institutions as reasons for the creation of Bitcoin.
The post What Would Happen To Bitcoin If The World Had To Go Into Recession? appeared first on The Merkle Hash.
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