As speculation continues to mount that the global economy is heading for a recession due to increasing uncertainty, cryptocurrency market has become highly vulnerable to unpredictable events. Bitcoin, the world's leading cryptocurrency, is especially known to be extremely impacted by any economic fluctuations. With JPMorgan CEO Jamie Dimon warning that the next recession could last for years and stronger than the 2008 global financial crisis, cryptocurrency traders are divided over what the future of Bitcoin price holds.

If the recession comes to pass and it proves to be more severe than expected, Bitcoin price could face great resistance due to volatility occurring in the market. While, risk-seeking traders could shift focus towards Bitcoin as a possible game-changer, it may still result in a halt in the ever increasing Bitcoin rally. Additionally, the inclination towards risk-off investments could cause a downfall of the entire crypto sector, as has been the case with Bitcoin-tech stock correlation trend.

On the other hand, if the recession is mild and Fed lowers the interest rates to drive economic growth, institutional investors may look for increased capital in crypto markets for yield purposes, which in turn might lead to some large scale institutional trades. It is suggested that past economic patterns do not guarantee future results and with the world changing constantly, the future action of Bitcoin price is still unpredictable. This makes it all the more interesting for traders and investors.



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