Kyle Chapman, a partner of the tech venture capital company Cosimo Ventures stated that if a recession happens Bitcoin will likely survive it but Ethereum would very much suffer. As for Ripple, it will remain unaffected and this prediction is what we are reading about in today’s altcoin news. Chapman believes that a recession won’t hurt bitcoin because of its decentralized nature and because of its independence from the stock market’s cyclical movements. However, the Federal Reserve chairman Jerome Powell believes that there won’t be a recession in the US anytime soon. Other economists agree with the statement. As ... (full story)