US recession risk hits 100% as crypto tokenomics highlighted
The chance of a recession in the United States has now hit 100%, according to new Bloomberg Economics model projections — meaning that it is "effectively certain" the country's economy will contract over the next year.
Bitcoin, the first and foremost cryptocurrency, was born out of a global economic recession — but has never existed inside one. The same goes, of course, for Ethereum and every crypto protocol spawned after it. If the aforementioned projections are correct, the blockchain and cryptocurrency industry will enter a new, distinct and defined chapter of existence.
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