I don't think there will be a recession based simply on technicals however if there is a fundamental shift during this time then the markets will react with more volatility than before. This might create a correction which is desperately needed, but I doubt we will enter a recession unless Trump massively fucks everything up.
Bitcoin's next catalyst will be adoption, not speculation. Once an FDIC insured index or mutual fund gets listed on NASDAQ we can guarantee moon lol
Adoption may be spurred by crashing prices of everything else. :)
Yes and no. I think the tech itself will create adoption. If a company has an unsolvable problem that needs to be fixed and crypto tech has the ability to fix it then we will see big players bring adoption.
I was at NY consensus and I saw more than my fill of companies starting up knowing damn well they aren't going to last. They got theirs, but nobody else gets theirs.
Right now bitcoin is still not as preferable to gold or bonds which replace dividends with yields.
Yes I agree, the technology will spur adoption. I was mostly making a joke that crashing prices may speed up that adoption as people scramble for a store of value. Though it isn't really clear how bitcoin will hold up during a recession, it hasn't existed during one yet here in the US.