Global recession may last until near 2024 Bitcoin halving — Elon Musk

Cointelegraph

Published Oct 21, 2022 06:07AM ET

Updated Oct 23, 2022 08:40AM ET

Bitcoin (BTC) may spend the time until its next block subsidy halving battling recession, Elon Musk suggested.

In a tweet on Oct. 21, the Tesla (NASDAQ:TSLA) CEO revealed his belief that the world would only exit recession in Spring 2024.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC/USD annotated chart. Source: Matthew Hyland/ Twitter

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