#Bitcoin Can Cryptocurrencies be the solution for the 2020 predicted US Recession? Published 4 weeks ago on October 22, 2018 By Janet F. Sanchez Share Tweet JPMorgan Chase has predicted a 60 percent chance for the next US recession to happen by 2020. In a global market crash, can crypto be a viable solution to existing stores of value? “The probability of a U.S. recession inside one year is right around 28 percent, and rises to more than 60 percent over the next two years, researchers wrote in a note this week. Over the next three years, the odds are higher than 80 percent, as indicated by the note,” Bloomberg reported. Why Do Experts predict a Recession? As indicated by the Federal Reserve Bank of New York, there exists a mere 14.5 percent chance of a recession happening before the end of 2019. Stephen Stanley, the chief economist at Amherst Pierpont, suggested that 2020 could be considered as a premature period for the next US recession to happen yet he echoed a comparative sentiment to JPMorgan in that while the US economy remains solid with low unemployment rate and a bull market, the danger of a recession in the years to come exists. Generally, the larger part of economists in the US forecast a recession to happen in the next a few years. David Altig, Federal Reserve Bank of Atlanta research director and NABE’s survey chair, disclosed that 66% of business economists in the US expect the market to crash before the end of 2020, for the most part, due to trade issues. “Trade issues are clearly influencing panelists’ views,” Altig stated, expressing that trade issues and high-interest rates imposed by the Fed leave US markets vulnerable to a mid-term crash. Is Crypto the solution? Amid a period in which numerous economists forecast a market crash and a noteworthy recession in the next two years, the demand for crypto has increased quickly. While not portrayed by the prices of significant cryptocurrencies, financial institutions, for example, Fidelity, Goldman Sachs, and Citigroup have established the infrastructure to target institutional investors intending to invest in the advanced asset market. Banks and investment firms have prevented from establishing businesses in the cryptocurrency sector due to the absence of regulatory certainty in the market. Experts have stated that the suddenly emerging trend of major financial institutions entering the crypto market suggests the demand for crypto from investors in the traditional finance sector has increased quickly in the previous several months. As Jim Hamel, portfolio manager at Craftsman Global Opportunities Fund explained, the computerized payments industry has experienced exponential development in recent years, which could normally lead investors to cryptocurrencies. “There are a number of tailwinds adding to this trend. In the first place, we’re seeing fast development in e-commerce, which requires that customers be able to make secure advanced payments. The development in cross-border transactions and the general effect of an increasingly globalized marketplace are helping accelerate this trend.” Related Topics:2020 US recessionbankbankingbanksbear marketBitcoinBlockchainbtcbull marketcitigroupCRYPTOCURRENCIEScryptocurrencyEthereumGoldman Sachsjp morganJP Morgan ChaseJPMorganJPMorgan bankJPMorgan ChaseJPMorgan sharesLitecoinmarket crashrecessionrecession predictedrecession predictionstock marketUS marketsUS recessionUS recession predictionUSA recession Up Next BTC Daily Trading Signals: 23 October Don't Miss Basic Attention Token: BAT on a rise, Should you SELL or HODL? Continue Reading You may like Bitcoin is Halal? Will crypto rise with mass Muslim adoption? XRP price analysis and market updates Ethereum Price Analysis: Can ETH cross 200? Why Bitcoin Cash SV is the real winner of the Hash War Spanked by the SEC: Paragon and Airfox ICO Bitcoin Price Analysis: Will BTC Rise Again? 2 Comments 2 Comments Pingback: Can Cryptocurrencies be the solution for the 2020 predicted US Recession? - Satoshiuncle Pingback: Series E funds from big venture companies arrive at Coinbase for Crypto Adoption | Bitcoin Daily Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Bitcoin is Halal? Will crypto rise with mass Muslim adoption? Published 5 hours ago on November 18, 2018 By Layla Harding Erol Yarar, the chairman of the international business forum has suggested all Islamic nations to adopt the cryptocurrency system for transactions with each other rather than adopting the US Dollar as according to him the US Dollar is used as a weapon by the United States to wreak economic havoc. Calling US Dollar a ‘Punishing Tool’ Yarar expressed his concerns by stating that the US dollar is used by the United States Government to punish a specific country that the United States is not willing to be in peace with. He also stated that the United States Government uses the US Dollar to lower down the money transactions, for imposing sanctions and for making nations bowing down in front of the United States. Yarar said that the US Dollar is not just a common currency but also a sanctioning tool. Also saying that at the International Business Forum this year, they will discuss the term monetary pluralism for implementing a democratic trading environment and the top features to be discussed at the next International Business Forum meeting would be the usage of Blockchain Technology and Cryptocurrency for the financial sector in the Muslim countries especially the middle east. Yarar said: “We will make a cryptocurrency system, that will be used for international trade among Islamic countries, a current issue.” Bitcoin Halal? Many Islamic Scholars are discussing the real nature of cryptocurrencies with some of them calling it a ‘HARAM SYSTEM’ or ‘ILLEGAL SYSTEM’ while others calling it a ‘HALAL SYSTEM’ or ‘LEGAL SYSTEM’ according to the Islamic principals with some Mosques such as the Shacklewell Lane Mosque in London have also started to accept cryptocurrencies as donations. What do you think about bitcoin and other cryptocurrencies being termed as Halal? Tell us in the comments section below. Continue Reading #Bitcoin Bitcoin ETF: Worlds first Cryptocurrency ETF approved Published 16 hours ago on November 17, 2018 By Nadja Eriksson The world’s first Cryptocurrency ETF has been approved by the Switzerland authorities which will start trading on SIX, the 4th largest exchange in whole Europe which has a market capitalization of over $1.6 trillion. ETF offered by Amun AG Amun AG, a cryptocurrency startup is offering the fund that will allow the institutional investors to invest in the major cryptocurrencies such as bitcoin, ethereum, ripple, litecoin, and bitcoin cash. Hany Rashwan, the CEO and Co-founder of the company said that the following ETP will provide an opportunity to the institutional investors that are restricted to investing in just securities and also give the same opportunity to retail investors that are unable to access cryptocurrency exchanges to due regulatory pressure. The CEO also said that before choosing Switzerland, the company had explored 23 other destinations around the world but found Swiss the most suitable. The ETF will allow investors in buying the market and investing in crypto market as a whole. When investors will be investing in a fund, an amount equal to their purchase value will be held on their behalf by the custodian. Continue Reading #Bitcoin Bitcoin Cash BCH Hash Wars: Who is winning? Published 1 day ago on November 17, 2018 By Janet F. Sanchez The Bitcoin Cash hash war is still on with close to 300 blocks mined on the BCHABC side using the new ruleset, which has also given the BCH network the most accumulated proof of work. Cryptocompare has given the BCH ticker to BCHABC chain followed by Bittrex also appointing the ABC chain with the BCH ticker. The ABC chain has gained more support and also mined more blocks since the split of the BCH chain into BCHABC and BCHSV. The SV chain has performed less work till now. Faketoshi “Satoshi’s Shotgun” Craig Wright had earlier threatened that he will destroy the BCH ABC chain by mining empty blocks using his huge hash power, which is being called “Satoshi’s Shotgun”. BCH ABC has apparently survived the Shotgun. Peter Rizun from Bitcoin Unlimited said: “The difference in network effect stark: BSV has few users, no OSX or Windows clients, no block explorer, perhaps one mobile wallet, and a shotgun that doesn’t shoot so straight,” According to cash.coin.dance, BCH ABC is currently 51.9% ahead on proof of work and is 15 blocks ahead, meaning miners will to secure the BCH ABC side and that exchanges ca resume deposits and get everything back to normal. Many supports believe that the ABC side has already won the battle. Bittrex has listed the ABC chain as BCH and the SV chain as BSV. While many BCH supports are claiming that the war is over and the ABC side is close to winning it, SV supporters still believe that the hash war will continue for weeks and Craig Wright continues to claim that he will destroy the ABC chain by mining empty blocks. What do you think about the hash war? Comment below Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin5 hours ago Bitcoin is Halal? 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