Coinbase: The U.S. economy may peak in Q2, and retail investor enthusiasm may be suppressed

CoinVoice recently learned that according to The Block, Coinbase released a weekly report saying that the US economy may peak in the second quarter of 2024. If the US economy then falls into recession, retail investors may be reluctant to hold new stock or cryptocurrency positions.

In addition, the report also pointed out that the US election in November is likely to trigger more fiscal expansion regardless of which candidate wins. "This is a strong incentive to buy Bitcoin as an alternative to the traditional financial system." [Original link]