Goldman Sachs Flags 35% Recession Risk — What This Means For Crypto
“Crypto Markets in Panic Mode: Goldman Sachs Warns of 35% Recession Risk!”
Okay, okay, okay, let me tell you something, folks! Goldman Sachs is like the ultimate party pooper, and they’re telling us that the US is headed for a recession! 🤯 35% chance, baby! They’re citing rising tariffs, weakening growth, and a general sense of “meh” from the economy. It’s like, “Hey, we’re not doing great, and it’s gonna get worse!” 😔
Now, I know what you’re thinking, “Mel, what about crypto?” Well, let me tell you, it’s like the kid in the back of the classroom who’s always getting attention. Crypto is like, “Hey, I’m here! I’m relevant! Don’t forget about me!” 🤣 But, seriously, Goldman Sachs thinks that a recession could be bad news for crypto, and they’re not the only ones. The yield curve is inverting, and that’s like a big ol’ warning sign that says, “Hey, recession ahead!” 🚨
But, not everyone is panicking. Robbie Mitchnick, the Global Head of Digital Assets at BlackRock, is like the calm and collected guy in the room. He’s saying that a recession could actually be good for Bitcoin, because it would lead to more fiscal spending and lower interest rates. It’s like, “Hey, recession? No problem! We’ll just print some more money and buy some Bitcoin!” 💸
So, what’s the verdict? Well, it’s like I always say, “You can’t make up this stuff!” 🤣 But, seriously, it’s a mixed bag. Some people are saying that a recession would be bad for crypto, while others are saying it could be good. It’s like, “Hey, who knows? Maybe we’ll all be millionaires by next week!” 🤑
At press time, BTC was trading at $83,230, but who knows what it’ll be tomorrow? It’s like, “Hey, the market is like a rollercoaster, and we’re all just along for the ride!” 🎠
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2025-04-01 01:17