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2022 was tough! #Stocks & #Crpytos were in a bear market and we entered a #Recession (=negative Growth of GDP in 2 consecutive Quarters)
What does all this mean for #Bitcoin and $SPX #SP500 and how is the outlook for 2023
Take a look at this Mini-Thread 🧵
What does all this mean for #Bitcoin and $SPX #SP500 and how is the outlook for 2023
Take a look at this Mini-Thread 🧵
First, we want to take a look at the most recent recession before: The Great Recession 2008/2009 that followed the financial crisis of 2007.
The $SPX bear market began in Q4 2007 - the first real selloff happened in Q3 '08 - This was also the first quarter GDP declined. The turning point and final bottom was reached in Q1 '09 when GDP turned positive again and the recession was over.
$BTC didn't exist back then
$BTC didn't exist back then
