In the context of financial recession, asset types such as gold, real estate, and cryptocurrency often respond differently:

1. Gold: Gold is often considered a "safe haven" during financial crises. When markets are unstable, investors typically turn to gold to protect their assets, causing gold prices to tend to rise during recessions.

2. Real Estate: During a recession, demand for real estate may decrease due to high unemployment, reduced income, and increased difficulty in borrowing. Real estate prices tend to stagnate or decrease, especially if the recession is prolonged. However, strong real estate markets may be less affected compared to weak markets.

3. Cryptocurrency: Cryptocurrencies like Bitcoin often experience significant volatility during recessions. Some investors view Bitcoin as a "safe haven" asset similar to gold, but due to its risky nature and high volatility, cryptocurrency prices can fluctuate widely. If there are concerns about the traditional financial system, cryptocurrency may attract interest; conversely, if investors seek safer assets, cryptocurrencies may face sell-offs.

Overall, the level of impact also depends on the severity of the recession, fiscal policy, and investor sentiment.