Caution Ahead for Bitcoin Enthusiasts!

Bitcoin's bullish outlook during a recession might be misplaced, warns Markus Thielen of 10x Research. He cites widening credit spreads as a signal that Bitcoin could face challenges before bouncing back. Historically, Bitcoin struggles soon after rate cuts or currency devaluations, reflecting broader economic weaknesses. Moreover, concerns over a weakening US dollar compound this uncertainty. Despite some believing Bitcoin could eventually benefit from fiscal policies during recessions, the immediate future appears rocky. Stay informed and cautious in these tumultuous times!