Analysis: The recession predicted by the IMF will be detrimental to Bitcoin

Cointelegraph published an article today to discuss the impact of the US macroeconomic environment on the trend of Bitcoin. On April 14, the International Monetary Fund (IMF) released the quarterly report of the World Economic Outlook, saying that the blockade caused by the new coronary pneumonia was the worst economic recession in 90 years and predicted that by 2022, the global economy The total loss will reach 9 trillion US dollars. Cointelegraph analysis said that the prediction may have an adverse impact on Bitcoin, because BTC's recent correlation with the macroeconomic environment has improved, and the recent correlation with the S & P 500 index has hit a historical peak.