BlackRock’s head of digital assets thinks a recession could actually boost Bitcoin. Let’s explore that idea and look at some promising cryptos to consider.
A Recession Could Be Good for Bitcoin (Really!)
BlackRock’s Robbie Mitchnick believes a recession, with its lower interest rates, increased government spending, and potential social unrest, could be surprisingly good for Bitcoin. He suggests Bitcoin might even perform better
during a downturn. Other experts, like Arthur Hayes of BitMEX, seem to agree, predicting a Bitcoin bottom around $70,000 before a major rally. Coinbase also expects a crypto market recovery in Q2 2025, especially if a recession hits.
Three Cryptos to Watch
If Mitchnick and others are right, we could see a broader crypto upswing. Here are three interesting projects to consider:
1. BTC Bull Token ($BTCBULL): Riding the Bitcoin Bull
$BTCBULL aims to help Bitcoin reach $1 million. It’s currently in presale, offering a decent APY for staking and free Bitcoin airdrops as Bitcoin hits price milestones ($150K, $200K, $250K). The project also plans token burns to increase scarcity. It’s a high-risk, high-reward play that could pay off big if Bitcoin takes off.
2. Meme Index ($MEMEX): Diversify Your Meme Portfolio
Meme coins can be risky, but $MEMEX offers diversification. This decentralized index has four different risk profiles, letting you choose your comfort level. From established meme coins like Dogecoin and Shiba Inu to higher-risk, potentially higher-reward options, $MEMEX simplifies meme coin investing.
3. PancakeSwap Token ($CAKE): A DEX Powerhouse
$CAKE, the token for the PancakeSwap decentralized exchange (DEX), has seen recent strong performance. PancakeSwap is a major player on the BNB Chain, boasting a large total value locked (TVL), suggesting significant user confidence.
The Bottom Line: Invest Wisely
If a recession boosts Bitcoin as predicted, other cryptos could also benefit. $BTCBULL and $MEMEX are intriguing options, but remember: crypto is risky.
Do your own thorough research before investing, and only invest what you can afford to lose. This isn’t financial advice./p>
