🔻According to Powell, The US economy is showing signs of recession despite the healthy 3% growth of GDP in the second quarter of the current year.📈
🔻Although FED has signalled rate cuts in interest rates to pump economy.
🔻Historical indicators suggest a likely recession with unemployment rate rising to 4.3% .
▪️Amid this uncertainty, The US government is now the 3rd largest #Bitcoin holder, beating BlackRock.🔥
▪️US elections will be the deciding factor if govt adopt Pro-Crypto policies leading to better days for crypto 💫
#PowellAtJacksonHole #USDataImpact #Bitcoinadoption #CryptoPolicy #Write2Earn!
