Best Crypto To Buy For Recession? Bitcoin’s Strength Stuns TradFi Investors As Stocks Crash
Bitcoin is finally living up to its reputation as a store of value and a hedge against geopolitical uncertainty — right as the US economy is spiralling towards a recession.
U.S. stock indices extended their losses on Friday, marking the largest two-day drop since the COVID-19 crash. The Nasdaq 100, Russell 2000, and the ‘Magnificent 7’ have already entered bear market territory, while the S&P 500 and Dow Jones are teetering on the brink.
Even haven assets like the US Dollar and Gold have witnessed sharp declines due to Donald Trump’s steep tariff rates. Fed Chair Jerome Powell’s hawkish speech on Friday added to the turbulence.
And yet, Bitcoin is up 1.2% on Friday, extending its green streak from Thursday. Its…
