Bitcoin (BTC) Likely To Pull Off Disbelief Rally in Face of Economic Recession, According to CoinShares

Bitcoin (BTC) Likely To Pull Off Disbelief Rally in Face of Economic Recession, According to CoinShares


A leading digital assets manager believes that a cloudy financial outlook for the United States could be bullish for Bitcoin (BTC).

In a series of posts, CoinShares explains how a confluence of economic factors and government policy decisions are likely to see Bitcoin’s performance diverge from other investment assets as the reality of a recession sets in.

“While we believe we are likely to see the US Federal Reserve continue to hike interest rates through the summer, we also believe they are likely to adopt a softer outlook on economic growth thereafter, prompting considerable dollar weakness.”

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The firm anticipates BTC will rise if the Federal Reserve can’t curb inflation and the strength of the dollar wanes, noting that growth equities would suffer more in worsening

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