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10 sats \ 4 replies \ @KingZing 23 May 2022 \ on: Bitcoin just printed 8 consecutive weekly red candles (for the first time in history!) bitcoin
If the US does go into a recession, then this could be a decade long bear market if not worse for bitcoin, being a highly speculative asset. (Unless adoption from the rest of the world really changes things.)
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35 sats \ 0 replies \ @timechain 23 May 2022
A bad enough recession could eventually decouple it.
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5 sats \ 1 reply \ @02d10975a1 23 May 2022
Whole world is going into or is already in recession. It seems that the US fares better than the rest of the world. This could be the recession that ends all fiat currencies, and it's time for bitcoin to shine.
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0 sats \ 0 replies \ @KingZing 24 May 2022
in a recession, cash and commodities are pretty much king. I don't see bitcoin being invested much until it can generate wealth in some way other than number goes up.
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0 sats \ 0 replies \ @Majjin 23 May 2022
Best case scenario: This is a temporary setback and the price continues to rise
Worst case scenario: 5 to 10 years of recession and really cheap sats to stack. Faith in the Fed and the dollar is shaken even more. Adoption increases. Price goes back up.
Either way I'm okay with it.
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