JPMorgan Predicts U.S. Recession by 2020, Could Signal Bullish Return for Bitcoin0.73

Cryptocurrency, Bitcoin (BTC), U.S. Markets–On Oct 18, Bloomberg ran a report on a model produced by large financial institution JPMorgan claiming that the U.S. market has a 60 percent chance of entering a recession over the next two years, leading some to wonder how such a shift would impact the industry and marketplace of cryptocurrency.

While the chance of a U.S. recession is 28 percent according to the model over the next year, that figure more than doubles to 60 percent over the next two years and, even more troubling, 80 percent within the next three years. It’s clear, given the overwhelming statistic cited, that the major banking institution is putting their weight behind the odds of a recession occurring on the near horizon.

Original source

Add comment

Please Sign in to be able to leave comments.