US Recession Fears Are 'Intensifying' — But Is Bitcoin The Real Flight To Safety? Expert Weighs In
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2025
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Source: Benzinga
Recession Concerns Rise: Major banks have significantly increased their recession probability forecasts, with JPMorgan estimating a 60% chance and S&P Global at 35%, indicating growing fears of economic downturns and potential market volatility.
Bitcoin's Resilience Amidst Uncertainty: Despite traditional market instability, Bitcoin has surged over 25% in six months, attracting interest as a decentralized asset, although concerns remain about its sustainability during a potential recession.
Analyst Views on BITO
Wall Street analysts forecast BITO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.490
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Current: 12.490
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
