Too Long; Didn't Read
For the cryptocurrency market, any recession in the classical financial market is beneficial, since there are very few traditional assets that will not fall in price during economic instability. Bitcoin is increasingly quoted as a means of maintaining value as well as gold and S&P 500. However, with its short history, the first cryptocurrency is yet to encounter world market collapses, making it difficult to predict its behaviour in such conditions. The conflict between the US and China, in my opinion, had no effect on the value of bitcoin and other cryptocurrencies.