Bitcoin Outperforms S&P 500 Despite Recession Risks, Says Bloomberg Analyst

In a market where the S&P 500 suffered a sharp decline of nearly 10%, Bitcoin managed to close the year at break-even levels. This resilient performance caught the attention of Bloomberg Economics analyst McGlone, who considers it a significant accomplishment for the leading cryptocurrency. However, he cautions that both traditional markets and digital assets could face considerable pressure if the U.S. enters a recession.