Meanwhile, BCA Reserache’s Chief Global Strategist, Peter Berezin has disclosed a few recession proof assets where he is of the opinion that this will help investors tackle the recession period.
This is because Bitcoin was introduced in 2009, after the great financial crisis and global recession in 2008.
Hence, Bitcoin has not yet witnessed any full-fledged recession period.
The National Bureau of Economic Research (NBER), that is in charge of formally deciding if a recession has taken place.
During this time, Bitcoin did see a drop but as the recession period didn’t last for long, the crypto market didn’t feel the heat.
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