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.
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