US Recession Fears Are ‘Intensifying’ — But Is Bitcoin The Real Flight To Safety? Expert Weighs In
Wall Street’s recession sirens are blaring — and as traditional markets brace for impact, Bitcoin‘s (CRYPTO: BTC) defiant rally has investors asking: is this digital gold 2.0 or just fool’s gold with better marketing?
Big Banks Turn Bearish, And Fast
Recession probability forecasts aren’t just creeping up — they’re sprinting. In the span of days, JPMorgan hiked its odds of a U.S. recession from 40% to 60%, while S&P Global jumped from 25% to 35%. Goldman Sachs and HSBC weren’t far behind, now both penciling in a 35%–40% chance.
Related: JPMorgan Raises Recession Risk To 60% As ‘Largest US Tax Hike’ In 60 Years Hits Global Economy
“There can be no doubt that fears of a U.S. recession are intensifying,” warned James Toledano, COO of Unity Wallet. “Economic growth is forecast to stall …
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