Unfazed By Falling Economy: Bitcoin Major Bull Run Looms — Analyst

Quick Summary:

With the US economy slowing down, many are looking at Bitcoin as the next big safe haven, much like gold did during the 1930s.

And with the continued downturn in US economic data, many have been speculating on how cryptocurrencies, especially Bitcoin, would react to this perfect storm brewing.

The four-year cycle is taking place just like any other cycle, but the significance of this cycle is comparable to the 1930’s of Gold or the bust in 2000.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryChinaJapan

Topics: Btcusd Bitcoin Btc Bitcoin Gold Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-08 @ 08:00:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22406920

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #105

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