The Coming Recession and Bitcoin – 2019
Flight to quality stocks and non-stock assets (real estate, gold…) are typical during an upcoming recession.
We see that now, with folks like Warren Buffet effectively ‘in cash’ – i.e. sitting on the sidelines waiting for the correction to hit.
I’ve written before on why Bitcoin is serving as a part replacement for Gold (and why BCH may make a dent in the ‘payment currencies’ like the USD). If you believe that Bitcoin also constitutes a store of value (like Gold), chances are high that BTC will rise as the stock market corrects.
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