Bitcoin's current price action is reflecting something pretty grim—the most pessimistic global growth expectations we've seen since two major market shake-ups: the Fed's aggressive rate hikes in 2022 and the COVID crash back in 2020. That's the take from André Dragosch, who leads European research over at Bitwise. The macro picture embedded in BTC's price right now? Not exactly bullish.
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rug_connoisseur
· 16h ago
Damn, here comes the pessimistic rhetoric again. Why not say BTC is originally a hedging tool?
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ETHReserveBank
· 16h ago
If you're pessimistic, then be pessimistic. Anyway, there are always people in the crypto world shouting about a crisis. I'll just keep hodling...
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HashRateHustler
· 16h ago
The global recession expectations are fully pumped, and the price of BTC has already reflected this, so don't wait for it to surprise you.
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PanicSeller
· 16h ago
Once again, they are singing the blues; I hear this trap ten times a year.
Bitcoin's current price action is reflecting something pretty grim—the most pessimistic global growth expectations we've seen since two major market shake-ups: the Fed's aggressive rate hikes in 2022 and the COVID crash back in 2020. That's the take from André Dragosch, who leads European research over at Bitwise. The macro picture embedded in BTC's price right now? Not exactly bullish.