Why Bitcoin Is the First Thing I'm Buying If We Enter a Recession
Right now, there's a lot of nervous crypto money on the sidelines, waiting for the White House to tell us whether we are in a recession.
But guess what? Scared money don't make money. Recession fears surrounding Bitcoin (CRYPTO: BTC) are overblown. In fact, Bitcoin is the first thing I'm buying if we enter a recession because it still seems like the best long-term store of value to me and the single best way to protect my financial future.
That being said, we're in uncharted territory here. At the end of the day, nobody really knows how Bitcoin will perform during a long-lasting recession because the cryptocurrency has never experienced a long-lasting recession before. Remember -- Bitcoin only came into existence in 2009, in the aftermath of the previous economic recession of 2007-09. That might explain a lot of the FUD (Fear, Uncertainty and Doubt) in the marketplace right now.
Source Fool.com
