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The crypto pendulum swings back to 'real economic value': can Bitcoin price survive a recession?
After briefly touching $17,000 over the weekend, Bitcoin is back above $20,000. But can the price outlook recover as recession calls grow and inflation continues to dominate market headlines? Stablecorp CEO Alex McDougall weighs in. When looking at price forecasts for the rest of 2022, investors need to separate crypto's technology angle from the price angle, McDougall told Kitco News. "Crypto's technology aspect will do extremely well in a recessionary environment. And especially if the recession is a bad one that causes confidence to fluctuate. Don't forget, crypto was born out of the 2008 meltdown," he said. On ... (full story)