July 23, 2024
Recession fears fuel investors’ search for havens. Is bitcoin a good choice?  

Recession fears fuel investors’ search for havens. Is bitcoin a good choice?  

Investors are increasingly worried that a recession may begin in the U.S. later this year, as the Federal Reserve on Wednesday raised its key interest rate for the 10th time in a row, while growing evidence points to a slowing U.S. economy.  

In search of a “safe haven”, some investors have turned to bitcoin BTCUSD, which has limited supply and is often touted by supporters as a hedge against existing financial system stress and monetary policy. The crypto has rallied more than 75% so far this year, according to CoinDesk data….

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