Why Bitcoin Will Thrive During a Recession
The U.S. stock market is hovering around an all-time and the S&P 500 is up around 19% so far this year. The March 2020 sell-off gave us a glimpse at how swiftly panic and fear can plunge stock prices -- but while the effects of the COVID-19 pandemic continue to ravage our daily lives, small businesses, and many sectors of the economy, the worst seems to be over for the broader market.
We don't know when or in what form the next recession will come. But we do know there are different ways to prepare for it today than there used to be. The old tried and true method for weathering a recession is through cash and high-quality dividend stocks with strong balance sheets. This method remains a great option -- but so does investing in bitcoin (CRYPTO: BTC). Here's why bitcoin, the world's best asset over the last decade, is also one of the best ways to combat a recession.
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Source Fool.com
