Thread by @StockmoneyL

1/n
Do we actually believe in a #Bitcoin pump soon?

The answer is: yes.

We get loads of comments like: "not in this recession" or "the economy is so bad, not gonna happen."

Here's what we think about this. Let's take a look at this #recession

2/n
Typically, recessions have two things in common:

A) Unemployment rates hike or are at peak levels
B) The economy is weak (low Gross Domestic Product, GDP)

Let's take a look at all recessions during the 19th and 20th century.

Recessions usually last 6 - 18 months.

As you can see in the chart, unemployment rates are hiking or at peak levels during these recessions.

After the COVID recession, unemployment rates have constantly been declining!!

3/n This is also seen on this graph (source: oecd.org/newsroom/unemp…). )

4/n As far as GDP is concerned, we are currently witnessing GROWTH (A growth of 3.1% is expected for this year, source: (cnbc.com/2022/05/25/cbo…. )

5/n
As you can see here, GDP has ALWAYS declined during recessions for the past 50 years.

6/6
Conclusion: We are not saying these are easy times. But sometimes it helps to stay calm and do some research. This may help to see things in a different light.

That's why we remain #bullish for the markets.