LEI clear Recession warning: What it means for Bitcoin?

The LEI (Leading Economic Indicators) has a great track record of predicting recessions. While a recession has been much anticipated for many months... now the data is coming in to actually support the possibility.

What does this mean for Bitcoin? The two most important data points we have (because we don't actually have a major recession to draw upon in Bitcoin's lifetime) is the COVID crash and March 9th this year... the "banking crisis" FUD.

When COVID fears hit the markets Bitcoin responded like a risk asset. It lost over -60% of its USD value from the high of 2020 to that point.

As the "Banking Crisis" hit markets last month so too did Bitcoin fall over -20%.

What this suggests is that when recession fears grow and become realized... Bitcoin will drop as a risk asset. The future of it though (in both cases) is V-shaped. So fear not. But also ignore not. Be thinking about buying opportunities.