How an Unstable US Dollar is Making Americans Rush to Bitcoin
The post How an Unstable US Dollar is Making Americans Rush to Bitcoin appeared on BitcoinEthereumNews.com. Several key indicators of the US economy’s strength are looking bearish, signaling a new opportunity for American individuals and businesses to invest in Bitcoin. Major firms are already joining the trend. Nic Puckrin, crypto analyst and founder of The Coin Bureau, exclusively shared his observations on this trend with BeInCrypto. Could a US Recession Benefit Bitcoin? Recently, it seemed that the US economy’s recession fears had been subdued. The Atlanta Fed released a positive GDP report, and the threat of tariffs significantly diminished. However, two important barometers of the US economic health were pessimistic today, signaling trouble for the dollar and a potential opportunity for Bitcoin. Specifically, these two indicators are the OECD’s Economic Outlook and the ADP’s jobs report. The latter document claims that private sector hiring is at its lowest level in more than two years, prompting President Trump to pressure Jerome Powell to lower interest rates. The OECD, on the other hand, was even more dire. It predicted that GDP growth in the US would fall from 2.8% in 2024 to 1.6% in 2025 and then decrease further in 2026. A recession is defined by two or more consecutive quarters of reduced growth, so two years could be catastrophic. Global GDP growth rates are low, but the US is even lower. The OECD also predicted disproportionately high inflation. US GDP Predictions. Source: OECD Furthermore, a round of new tariffs on the EU and tech sanctions against China could exacerbate the brewing crisis even more. Nothing is certain, but there is a gamut of potential recession indicators impacting the market right now. Nic Puckrin described the US’ situation and explained how it can benefit Bitcoin: “The OECD has just put a number on one of investors’ biggest fears about the US – its growth outlook, which it now…
The post How an Unstable US Dollar is Making Americans Rush to Bitcoin appeared on BitcoinEthereumNews.com.
Several key indicators of the US economy’s strength are looking bearish, signaling a new opportunity for American individuals and businesses to invest in Bitcoin. Major firms are already joining the trend. Nic Puckrin, crypto analyst and founder of The Coin Bureau, exclusively shared his observations on this trend with BeInCrypto. Could a US Recession Benefit Bitcoin? Recently, it seemed that the US economy’s recession fears had been subdued. The Atlanta Fed released a positive GDP report, and the threat of tariffs significantly diminished. However, two important barometers of the US economic health were pessimistic today, signaling trouble for the dollar and a potential opportunity for Bitcoin. Specifically, these two indicators are the OECD’s Economic Outlook and the ADP’s jobs report. The latter document claims that private sector hiring is at its lowest level in more than two years, prompting President Trump to pressure Jerome Powell to lower interest rates. The OECD, on the other hand, was even more dire. It predicted that GDP growth in the US would fall from 2.8% in 2024 to 1.6% in 2025 and then decrease further in 2026. A recession is defined by two or more consecutive quarters of reduced growth, so two years could be catastrophic. Global GDP growth rates are low, but the US is even lower. The OECD also predicted disproportionately high inflation. US GDP Predictions. Source: OECD Furthermore, a round of new tariffs on the EU and tech sanctions against China could exacerbate the brewing crisis even more. Nothing is certain, but there is a gamut of potential recession indicators impacting the market right now. Nic Puckrin described the US’ situation and explained how it can benefit Bitcoin: “The OECD has just put a number on one of investors’ biggest fears about the US – its growth outlook, which it now…
What's Your Reaction?
