Take a look at this diagram.
You see how the 2021 stimulus created massive consumer spending incentives. Up to a 34.5% increase.
A lot of the stimulus checks did flow into stocks and crypto.
Now we are in another paradigm. Since October 2022, numbers have decreased, and spending is decreasing.
Once this is reflected in official data, we get an “official” recession. We are already in a recession; it’s just not called out yet. $BTC $ETH $BNB #opbnb #ETH #Layer2 #BTC #crypto2023
You see how the 2021 stimulus created massive consumer spending incentives. Up to a 34.5% increase.
A lot of the stimulus checks did flow into stocks and crypto.
Now we are in another paradigm. Since October 2022, numbers have decreased, and spending is decreasing.
Once this is reflected in official data, we get an “official” recession. We are already in a recession; it’s just not called out yet. $BTC $ETH $BNB #opbnb #ETH #Layer2 #BTC #crypto2023
