According to BlockBeats, Nansen's Chief Analyst Aurelie Barthere has indicated that Bitcoin could serve as a 'safe-haven asset' during economic recessions, outperforming other tokens in the cryptocurrency market. While inflation prospects have improved this year, economic growth forecasts remain 'lukewarm,' prompting central banks to take measures to stimulate the economy and prevent further decline. The United States faces significant speculative-grade debt maturing in 2024, coupled with declining bond yields, creating financial pressure. Investors turning to safer assets and declining yields are typical recession indicators, reflecting a lack of confidence in sustained economic growth. The likelihood of an economic recession in the second half of 2024 is estimated at 40%.

Barthere also noted that since the energy shock caused by the Ukraine war and the hypothetical tariff increases by the United States, economic growth in the Eurozone has been weak. As valuations rise, U.S. growth is also slowing. 'I can foresee a scenario where adjustments in stocks and risk assets are sufficient to tighten financial conditions and trigger an economic contraction. Bitcoin, as a safe-haven asset, could benefit as investors tend to flock to assets perceived as stores of value during economic uncertainty,' Barthere stated.