Bitcoin Fanatic Mike Novogratz: A Recession Is Coming - BitcoinEthereumNews.com
BitcoinBitcoin Fanatic Mike Novogratz: Isang Recession ang Paparating07 / 09 / 2022Balita ng Ethereum ng Bitcoin Bitcoin bull and billionaire investor Mike Novogratz has commented that the United States is heading deep into recession territory, and he points to the latest crypto crashes as a sign of whats to come. Mike Novogratz Says the Economy Is in a Bad Place Sa isang kamakailang panayam, nagkomento siya: The economy is going to collapse. We are going to go into a very fast recession, and you can see that in lots of ways. At the time of writing, the U.S. economy continues to head downhill. Stocks, for example, have crashed and reached new lows along with many of the worlds leading crypto assets. Bitcoin – which was trading for as high as $68,000 per unit in mid-November of last year – has lost roughly 70 percent of its value in a complete repeat of 2018 and is now trading for just over $20,000. Ethereum has also lost about 75 percent of its value and has recently fallen below the $2,000 mark. The economy is in the dunk tank arguably because the country is taking drastic measures to fight ongoing inflation, which has been occurring since the end of