Reserve enough Bitcoin! The US economy may face another recession

The U.S. economy may soon be heading into recession again.

It has only been seven years since the last Great Recession, and there are some economic indicators that suggest a new recession may be imminent in the near future. According to CNBC, investment is down across the board, especially in agricultural machinery, while transportation sales have also stopped. These economic indicators are usually good predictors of recessions, and investors can watch them to evaluate future financial decisions.

Worse still, Citigroup predicts that if Donald Trump wins the presidential election in November, it would increase uncertainty about a global recession.

According to a survey by Business Insider and Edison Research, 71% of Americans believe certain political parties rig the economy, a view that is sure to be amplified in the face of further economic downturns.

The economy elsewhere is not necessarily better than that of the United States.

While the United States is expected to face a recession, this does not mean that the rest of the world will be immune. In Europe, British banks, especially those in Italy, may soon need a $166 billion bailout. In addition, the European Union may be on the path to eventual collapse due to the turmoil caused by the Brexit referendum, and the future of the euro is uncertain.

At the same time, Japan is facing continued economic stagnation and has recently implemented a new round of consumer stimulus, which may cause the yen to depreciate against Bitcoin.

Diversifying Bitcoin to Prevent Economic Collapse

In the event of a recession, diversifying your portfolio with several different assets, including cryptocurrencies, will be more resilient than choosing just fiat currencies and stocks. In times of economic turmoil, Bitcoin and gold act as a means of protection, rising in value while traditional investments depreciate.

Indeed, Bitcoin has long been considered an exciting but volatile currency, with its price fluctuating amid the Brexit process. In addition, ShapeShift CEO Erik Voorhees noted that Bitcoin has achieved stability that is against the broader market (investment term), further increasing its appeal during tough economic times.