
The Fed is Slowing Down the Economy w/ Nik Bhatia
Bitcoin Magazine Podcast
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Bit Coin's First Recession?
P nick: I believe that the recession that we see starting now has been priced in by bit coin over the last 12 months. If bikcoin goes back down to 15 thousand from here, we're actually talking about probably looking at a very deep recession,. That's what bitcoin represents. We have to look at the correlation with equities. And understand that bit coin was also pricing in recession, right next to stocks. A bata is high, an vi an. Bit coin versus the stock market, they are both forecasting the economic slowdown or the recession. The chart on stolks looks much worse than the chart on bit coin, which has returned to a lot of fundamental and longer
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