Bitcoin would survive a recession, while Ethereum would suffer and Ripple’s XRP would remain unaffected. That’s the prediction of Kyle Chapman, a partner with tech venture capital firm Cosimo Ventures. Chapman wrote in Barron’s that a recession would not hurt bitcoin because it’s decentralized and is mostly independent of the stock market’s cyclical undulations. Fed Chair: Relax, No Recession In 2019 Meanwhile, Federal Reserve chairman Jerome Powell does not believe a U.S. recession will happen anytime soon. Other economists, like Allianz’s Mohamed El-Erian, agree. “The outlook for our economy is a favorable one,” Powell told 60 Minutes on March 10.
The post Bitcoin Would Survive Recession, But Ethereum Might Crater: Tech VC appeared first on CCN
source https://www.ccn.com/bitcoin-would-survive-recession-but-ethereum-might-crater-tech-vc
READ MORE http://bit.ly/2u4x13I
from Cryptocurrency News https://ift.tt/2TMkBvu
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!
No comments:
Post a Comment