Bitcoin Extra Recession-Resilient Than META, Comparability Exhibits | Bitcoinist.com
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What a surprise
Easy to understand. Mark Zuckerberg isn’t the CEO of Bitcoin.
Well that figures. BTC is gold while META is trash
this is such a crapalysis: you can easily write a program to find all index shares that did worse than btc, and at the same time you get all that were better
So far Bitcoin has proved itself one of the most resilient tools out there, as long as you have patience.
I mean, it’s not like people look at Meta to be a “safe haven” asset in line with something like gold, for example. BTC beating Meta in “being recession-resilient” doesn’t say much imo ????
It’s also more crazy-aunt proof
Im all for crypto and Bitcoin but Im afraid charts suggest otherwise
tldr; Bitcoin is holding up better than Facebook’s parent company META during its first-ever recession. META’s share prices fell back to 2015 levels, while cryptocurrencies are trading at the higher end of 2017 and 2018 prices. Compared to other top cryptocurrencies, Bitcoin has also came out the least battered and beaten during the bearish trend.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Not surprising. BTC will become stronger as time goes by
Recessions dont spare any assets, everything gets hit.
Noted.