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When a recession hits, the streets are red with blood! All asset classes like gold, stocks and bonds register a sharp decline. Unemployment skyrockets, and inflation starts to fall. We see massive layoffs from big companies, and the overall market sentiment is, well, kinda eh.

In this video, we will examine the effects of a recession on cryptocurrencies. We will review historical data on how crypto has reacted to periods of slow economic growth and what 2023 might have in store for the economy and cryptocurrencies. At the end of this video, we talk about what you need to do as a crypto investor during this recession so that you can turn out to be a millionaire when all this ends. Because believe it or not, all bad things end, and so will this recession!

Historically speaking, when a recession hits, the crypto market loses a litre of blood. When the US economy experienced slow economic growth in 2015 and 2018, the total crypto market cap saw huge declines of 70% or more. This is primarily due to a narrative of fear and uncertainty and the rise in interest rates by the Federal Reserve, that forces money to move from crypto-assets into traditional banks.

According to renowned macro-economists, data suggests that the US economy is entering a long period of slow or negligible growth, and you should be prepared for it. If you want to learn more, check out our full video on how recessions can affect crypto and how you can turn out filthy rich when all of this ends!