Germany Raises Its Risk of Recession: Is Bitcoin the Perfect Hedge?

Why yes, it is…yet another example of why it is time for Plan B…!!!

Germany Raises Its Risk of Recession: Is Bitcoin the Perfect Hedge?

“Germany’s economic issues may only get worse according to the latest industrial data. December 2019 data shows that the manufacturing slump in the country continues. In an assessment written by the ING Group, “there are very few positive elements to find in the December industrial data.”

In fact, ING warns that the data could raise the risk that it could bring back the ‘R-word’ for the German economy: Recession. “Today’s data is another reminder that 2019 was definitely a year to forget for German industry,” the assessment concludes. If such trends continue, we could see an economic slowdown that would inevitably affect the world economy, at large.

During times of heightened economic anxiety, investors often look to hedges. Recession fears often increase investment in ‘havens’ which are considered safer during times of distress. Historically, a common haven has been gold or silver — and, in the last few years, it’s increasingly been Bitcoin”

https://beincrypto.com/germany-recession-bitcoin-perfect-hedge/

Master Asked on February 8, 2020 in Bitcoin.
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