Analysis: The extent to which bitcoin and cryptocurrencies can affect the economic development cycle is important

According to Zycrypto's August 1st news, TiB Fund analyzed that bitcoin appeared after the 2008 financial crisis, and ten years later, we seem to be on the verge of economic storm. Economists and financial experts talk about negative bond yields, low interest rates, and weaker bank stocks, and believe that this indicates that the upcoming recession may be regional or global. The report said that the extent to which bitcoin and cryptocurrencies can affect this process becomes important. Investors are divided into two groups on this issue: one is preparing to wait for the storm to pass in the safe haven of cryptocurrency, while the other is waiting for the depreciation of digital assets. At the same time, even some optimistic representatives of the encryption field are seriously discussing this possibility. These include Morgan Creek Digital co-founder Anthony Pompliano and Global Macro Investor founder Raoul PAL. Others believe that the possible recession is not catastrophic, but cyclical, without any anomalies. Edgar Jansons, head of TiB Fund analysis, said, “Even if we accept the possibility of a formal start of the recession, it will not necessarily reach the size of 2008 or 1929. There are many factors that are part of the economic cycle, so we are likely to experience another Peaks and recessions."