RATE Group | Investors think cryptocurrency prices would rise in a recession, Fundstrat survey finds
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Investors think cryptocurrency prices would rise in a recession, Fundstrat survey finds

04 Oct Investors think cryptocurrency prices would rise in a recession, Fundstrat survey finds

Posted at 19:38h in Cryptocurrency News by

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What happens during a recession?

Firstly, growth falls, in fact, that’s the definition of a recession—two consecutive quarters of negative economic growth, or GDP. Secondly, stock prices tend to decline. Thirdly, bond yields more often than not fall as investors buy Treasurys, a widely considered haven asset. And now, according to a recent survey, you can add one more asset class that will draw bids should a recession hit: cryptocurrencies.

The survey, conducted by Fundstrat Global Advisors, found close to three quarters, or 72%, of institutional investors said they believe the value of cryptocurrencies…

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