The Key to the Crypto Market: Look at 2016, not 2015 or 2019

  • 📰 hackernoon
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

If you're looking for historical parallels for crypto guidance, 2016 fits best.

It's a tough time to predict what’s going to happen with cryptocurrency. Some people insist a global recession will crush the market. China’s in rough shape. The Israel-Hamas conflict could spark oil embargoes or World War 3. Ukraine-Russia, too. The European Union is already in a technical recession—two consecutive quarters of negative growth, possibly three once Q3 numbers come out. Doesn’t sound good for so-called “risk assets.

The International Monetary Fund’s predicted “subdued demand,” “diminished prospects,” and “tilted to the downside.” Some large countries went into recession. 75% of Americans rated the US economy as fair or poor 2016 outlook Coincidences? Yes. Maybe that’s ok.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 532. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hamas' cash-to-crypto global finance maze in Israel's sightsHamas' cash-to-crypto global finance maze in Israel's sights
Source: Investingcom - 🏆 450. / 53 Read more »