{"id":549507,"date":"2023-08-31T06:20:32","date_gmt":"2023-08-31T06:20:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=549507"},"modified":"2023-08-31T06:04:48","modified_gmt":"2023-08-31T06:04:48","slug":"bitcoin-cryptos-final-surge-before-us-recession","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/","title":{"rendered":"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why"},"content":{"rendered":"<p>In the intricate dance of global finance, traditional economic indicators and the burgeoning Bitcoin and crypto market are becoming increasingly intertwined. Recent macroeconomic data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and other cryptocurrencies.<\/p>\n<h2>Macro Data Snapshot: A Cooling US Economy<\/h2>\n<p>Yesterday&#8217;s data release paint a clear picture of a slowing US economy:<\/p>\n<ul>\n<li>Job Openings: The July JOLTS report indicated a significant drop in job openings, falling to 8.827 million from the previous 9.165 million, and notably below the expected 9.5 million.<\/li>\n<li>US ADP Nonfarm Employment Change (August): Actual figures came in at 177K, missing the estimate of 195K and showing a sharp decline from the previous 324K.<\/li>\n<li>US GDP (QoQ) (Q2): The actual growth rate was 2.1%, slightly below the estimated 2.4% and just above the previous 2.0%.<\/li>\n<li>PCE Prices (Q2): The actual figure was 2.5%, marginally below the 2.6% estimate and a significant drop from the previous 4.1%.<\/li>\n<li>Core PCE Prices (Q2): The actual data showed 3.7%, just below the 3.8% estimate and down from the previous 4.9%.<\/li>\n<li>Real Consumer Spending (Q2): The actual figure was 1.7%, slightly above the 1.6% estimate and down from the previous 4.2%.<\/li>\n<li>Pending Home Sales (July): The month-on-month data showed an increase of 0.9%, defying the -0.60% estimate.<\/li>\n<li>Pending Home Sales Index (July): The index stood at 77.6, slightly above the previous 76.9.<\/li>\n<\/ul>\n<h2>Implications For Bitcoin And Crypto<\/h2>\n<p>The cooling US economy, as indicated by the recent macro data, might be setting the stage for a (last) significant surge in BTC and crypto prices before a recession. Why? Because bad news is good news for the currently short-sighted financial world. Bad data means that the US Federal Reserve will not raise interest rates further and that Quantitative Easing (QE) is getting closer. The long-term consequences in the form of a recession are being overlooked.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/new-bull-run-for-bitcoin-if-it-breaks-this-level-expert-addresses-elephant-in-the-room\/\" target=\"_blank\" rel=\"noopener \">New Bull Run For Bitcoin If It Breaks This Level, Expert Addresses Elephant In The Room<\/a><\/div>\n<p>Joe Consorti, a renowned Bitcoin Layer analyst, <a href=\"https:\/\/twitter.com\/JoeConsorti\/status\/73714884\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> the significant drop in job openings and the slowing job growth in August. He stated, &#8220;US job openings are at 8.827 million, the lowest level since September 2021. Worse yet &#8211; last month&#8217;s data was severely overestimated. Cracks are spreading in the labor market. Rate hikes&#8217; impact finally hitting.&#8221;<\/p>\n<p>He further emphasized the paradox of weak economic data driving stock market surges, suggesting, &#8220;Bad news is good news right now. Sour data relaxes investor fears of a hawkish Fed &#8211; igniting hopes of relaxed policy to support asset prices. I don&#8217;t make the rules.&#8221;<\/p>\n<p>Micha\u00ebl van de Poppe <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/10728946\" target=\"_blank\" rel=\"noopener nofollow\">delved<\/a> deeper into the relationship between traditional economic indicators and Bitcoin&#8217;s performance. According to him, the most likely case are no more rate hikes as the economic data is coming in terribly, through which Gold, Silver and Bitcoin will be running upwards.<\/p>\n<p>He pointed out the inverse correlation between the Yields markets and Bitcoin, suggesting that as Yields show signs of peaking, Bitcoin could be poised for a surge. &#8220;The 2-Year Yields are even more apparent than the 10-Year Yields, indicating a potential top in the making, said van de Poppe.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/coinbase-coin-and-bitcoin-related-stocks-soar-grayscales-victory\/\" target=\"_blank\" rel=\"noopener \">Coinbase (COIN) And Bitcoin-Related Stocks Soar Following Grayscale\u2019s Victory<\/a><\/div>\n<p>He explained that the previous top in November of 2018 marked the low on Bitcoin. Afterwards BTC broke down, but the top of the Yields resulted into the bottom of the bear market for Bitcoin. The continuation of the selloff on the Yields resulted in more and more strength on the Bitcoin markets. Van de Poppe added:<\/p>\n<blockquote><p><strong>The first real high in November of 2022 also marked the low of Bitcoin. And the previous time we started to have a substantial selloff on the markets for Yields (March &#8217;23), the price of Bitcoin started to rally upwards significantly.<\/strong><\/p><\/blockquote>\n<p>Macro analyst Mortensen Bach&#8217;s predictions for the next 6-10 months also <a href=\"https:\/\/twitter.com\/MortensenBach\/status\/47218966\" target=\"_blank\" rel=\"noopener nofollow\">suggests<\/a> a potential downturn for the USD, a decrease in rates, and an uptick for both stocks and crypto. According to him, the expansion phase of financial markets is coming to an end. However, there\u2019s one last leg up for markets.<\/p>\n<p>While he believes that the soft landing narrative is nonsense, he warned of the repercussions of the Federal Reserve&#8217;s aggressive rate hikes, stating, &#8220;FED jacked up rates by 500bp in 12 months, in order to try and manipulate the economy to cool off. This was a big mistake and we will pay the price for it, likely in 2024.&#8221;<\/p>\n<p>Crypto trader Daan emphasized the looming recession fears and the potential for rate cuts and increased money printing in the near future. He commented, &#8220;Recession fears will be all over the media soon. Bring on the Rate cuts &amp; Money printing! (Not yet but doubt it takes much longer than ~6 months).&#8221;<\/p>\n<p>At press time, BTC traded at $27,264.<\/p>\n<figure id=\"attachment_549513\" aria-describedby=\"caption-attachment-549513\" style=\"width: 3628px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-549513 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?resize=3628%2C1565\" alt=\"Bitcoin price\" width=\"3628\" height=\"1565\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=3628 3628w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=2048 2048w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=1140 1140w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-31_07-35-37.png?w=3000 3000w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-549513\" class=\"wp-caption-text\">BTC price holds above 200D EMA, 1-day chart | Source: BTCUSD on TradingView.com<\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the intricate dance of global finance, traditional economic indicators and the burgeoning Bitcoin and crypto market are becoming increasingly intertwined. Recent macroeconomic data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and other cryptocurrencies. Macro Data Snapshot: A Cooling US Economy Yesterday&#8217;s data release paint a clear picture of a slowing US economy: Job Openings: The July JOLTS report indicated a significant drop in job openings, falling to 8.827 million from the previous 9.165 million, and notably below the expected 9.5 million. US ADP Nonfarm Employment Change (August): Actual figures came in at 177K, missing the estimate of 195K and showing a sharp decline from the previous 324K. US GDP (QoQ) (Q2): The actual growth rate was 2.1%, slightly below the estimated 2.4% and just above the previous 2.0%. PCE Prices (Q2): The actual figure was 2.5%, marginally below the 2.6% estimate and a significant drop from the previous 4.1%. Core PCE Prices (Q2): The actual data showed 3.7%, just below the 3.8% estimate and down from the previous 4.9%. Real Consumer Spending (Q2): The actual figure was 1.7%, slightly above the 1.6% estimate and down from the previous 4.2%. Pending Home Sales (July): The month-on-month data showed an increase of 0.9%, defying the -0.60% estimate. Pending Home Sales Index (July): The index stood at 77.6, slightly above the previous 76.9. Implications For Bitcoin And Crypto The cooling US economy, as indicated by the recent macro data, might be setting the stage for a (last) significant surge in BTC and crypto prices before a recession. Why? Because bad news is good news for the currently short-sighted financial world. Bad data means that the US Federal Reserve will not raise interest rates further and that Quantitative Easing (QE) is getting closer. The long-term consequences in the form of a recession are being overlooked. Related Reading: New Bull Run For Bitcoin If It Breaks This Level, Expert Addresses Elephant In The Room Joe Consorti, a renowned Bitcoin Layer analyst, highlighted the significant drop in job openings and the slowing job growth in August. He stated, &#8220;US job openings are at 8.827 million, the lowest level since September 2021. Worse yet &#8211; last month&#8217;s data was severely overestimated. Cracks are spreading in the labor market. Rate hikes&#8217; impact finally hitting.&#8221; He further emphasized the paradox of weak economic data driving stock market surges, suggesting, &#8220;Bad news is good news right now. Sour data relaxes investor fears of a hawkish Fed &#8211; igniting hopes of relaxed policy to support asset prices. I don&#8217;t make the rules.&#8221; Micha\u00ebl van de Poppe delved deeper into the relationship between traditional economic indicators and Bitcoin&#8217;s performance. According to him, the most likely case are no more rate hikes as the economic data is coming in terribly, through which Gold, Silver and Bitcoin will be running upwards. He pointed out the inverse correlation between the Yields markets and Bitcoin, suggesting that as Yields show signs of peaking, Bitcoin could be poised for a surge. &#8220;The 2-Year Yields are even more apparent than the 10-Year Yields, indicating a potential top in the making, said van de Poppe. Related Reading: Coinbase (COIN) And Bitcoin-Related Stocks Soar Following Grayscale\u2019s Victory He explained that the previous top in November of 2018 marked the low on Bitcoin. Afterwards BTC broke down, but the top of the Yields resulted into the bottom of the bear market for Bitcoin. The continuation of the selloff on the Yields resulted in more and more strength on the Bitcoin markets. Van de Poppe added: The first real high in November of 2022 also marked the low of Bitcoin. And the previous time we started to have a substantial selloff on the markets for Yields (March &#8217;23), the price of Bitcoin started to rally upwards significantly. Macro analyst Mortensen Bach&#8217;s predictions for the next 6-10 months also suggests a potential downturn for the USD, a decrease in rates, and an uptick for both stocks and crypto. According to him, the expansion phase of financial markets is coming to an end. However, there\u2019s one last leg up for markets. While he believes that the soft landing narrative is nonsense, he warned of the repercussions of the Federal Reserve&#8217;s aggressive rate hikes, stating, &#8220;FED jacked up rates by 500bp in 12 months, in order to try and manipulate the economy to cool off. This was a big mistake and we will pay the price for it, likely in 2024.&#8221; Crypto trader Daan emphasized the looming recession fears and the potential for rate cuts and increased money printing in the near future. He commented, &#8220;Recession fears will be all over the media soon. Bring on the Rate cuts &amp; Money printing! (Not yet but doubt it takes much longer than ~6 months).&#8221; At press time, BTC traded at $27,264. Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":549508,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,1119,6664,2007,89266,7920],"class_list":["post-549507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-btc","tag-crypto","tag-fed","tag-macro-data","tag-recession"],"acf":[],"yoast_head":"\n<title>Bitcoin And Cryptos Poised For Final Surge Before US Recession<\/title>\n<meta name=\"description\" content=\"Recent macro data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and crypto.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin And Cryptos Poised For Final Surge Before US Recession\" \/>\n<meta property=\"og:description\" content=\"Recent macro data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and crypto.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-31T06:20:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T06:04:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831\" \/>\n\t<meta property=\"og:image:width\" content=\"1263\" \/>\n\t<meta property=\"og:image:height\" content=\"831\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why\",\"datePublished\":\"2023-08-31T06:20:32+00:00\",\"dateModified\":\"2023-08-31T06:04:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\"},\"wordCount\":827,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831\",\"keywords\":[\"altcoins\",\"bitcoin\",\"btc\",\"crypto\",\"fed\",\"Macro data\",\"recession\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\",\"name\":\"Bitcoin And Cryptos Poised For Final Surge Before US Recession\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831\",\"datePublished\":\"2023-08-31T06:20:32+00:00\",\"dateModified\":\"2023-08-31T06:04:48+00:00\",\"description\":\"Recent macro data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and crypto.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831\",\"width\":1263,\"height\":831,\"caption\":\"Bitcoin Crypto Recession\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/uniquehot.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin And Cryptos Poised For Final Surge Before US Recession","description":"Recent macro data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and crypto.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin And Cryptos Poised For Final Surge Before US Recession","og_description":"Recent macro data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and crypto.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-08-31T06:20:32+00:00","article_modified_time":"2023-08-31T06:04:48+00:00","og_image":[{"width":1263,"height":831,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why","datePublished":"2023-08-31T06:20:32+00:00","dateModified":"2023-08-31T06:04:48+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/"},"wordCount":827,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831","keywords":["altcoins","bitcoin","btc","crypto","fed","Macro data","recession"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/","name":"Bitcoin And Cryptos Poised For Final Surge Before US Recession","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831","datePublished":"2023-08-31T06:20:32+00:00","dateModified":"2023-08-31T06:04:48+00:00","description":"Recent macro data from the US suggests a cooling economy, and this could have profound implications for Bitcoin and crypto.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831","width":1263,"height":831,"caption":"Bitcoin Crypto Recession"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with uniquehot.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why","url":"http:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-cryptos-final-surge-before-us-recession\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","btc","crypto","fed","macro data","recession"],"dateCreated":"2023-08-31T06:20:32Z","datePublished":"2023-08-31T06:20:32Z","dateModified":"2023-08-31T06:20:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin And Cryptos Poised For Final Surge Before US Recession, Here&#8217;s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-cryptos-final-surge-before-us-recession\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-cryptos-final-surge-before-us-recession\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1129173988.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1129173988.jpg?fit=1263%2C831\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"btc\",\"crypto\",\"fed\",\"macro data\",\"recession\"],\"dateCreated\":\"2023-08-31T06:20:32Z\",\"datePublished\":\"2023-08-31T06:20:32Z\",\"dateModified\":\"2023-08-31T06:20:32Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1129173988.jpg?fit=1263%2C831","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/549507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=549507"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/549507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/549508"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=549507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=549507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=549507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}