Best Crypto To Buy For Recession? Bitcoin’s Strength Stuns TradFi Investors As Stocks Crash

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Bitcoin is finally living up to its reputation as a store of value and a hedge against geopolitical uncertainty — right as the US economy is spiralling towards a recession.

U.S. stock indices extended their losses on Friday, marking the largest two-day drop since the COVID-19 crash. The Nasdaq 100, Russell 2000, and the ‘Magnificent 7’ have already entered bear market territory, while the S&P 500 and Dow Jones are teetering on the brink.

Even haven assets like the US Dollar and Gold have witnessed sharp declines due to Donald Trump’s steep tariff rates. Fed Chair Jerome Powell’s hawkish speech on Friday added to the turbulence.

And yet, Bitcoin is up 1.2% on Friday, extending its green streak from Thursday. Its growing de-correlation from equities — and resilience amid broader market turmoil — could position it as the top asset to buy ahead of a potential recession.

Fed Chair Powell’s Speech Crashes Stocks, Bitcoin Rallies Anyway

Fed Chair Jerome Powell’s speech to business journalists on Friday added to the torrent of selling on Wall Street.

Powell noted that Donald Trump’s tariffs are “larger than expected” and pose risks for higher inflation and slower growth, otherwise known as stagflation.

The Fed Chair also responded to Trump’s call for rate cuts, claiming that it is still “too soon” to determine the appropriate monetary policy.

Moreover, he claimed that the central bank is well-positioned to wait for greater clarity, hinting that the Fed is in no rush to cut rates and bail out the tanking stock market.

Powell did note that non-Fed forecasts have raised the probability of an imminent recession. In fact, JPMorgan announced today that it now expects a recession in the US economy this year.

However, Powell hinted that he is more worried about inflation, suggesting that investors shouldn’t expect any relief any time soon.

Powell sounds like a guy who wants to hike rates, not cut them.

— The Wolf Of All Streets (@scottmelker) April 4, 2025

The sell-off in stocks accelerated after the Fed Chair’s bearish speech. However, Bitcoin continues to stay in the green and is attempting to breach its multi-month descending resistance.

Bitcoin Price Prediction — Is BTC The Best Asset To Buy Ahead of A Recession?

Economists and financial institutes are bracing for a recession in the US economy. Bitcoin’s decoupling from tech stocks and its resilience to the broader market uncertainty could result in significant TradFi investment.

As such, prominent financiers continue to back Bitcoin as a store of value — with U.S. Treasury Secretary Scott Bessent being the latest high-profile figure to express support.

BlackRock CEO Larry Fink has also called BTC as a hedge against geopolitical uncertainty.

All eyes are now on whether the Bitcoin price could breach its descending trendline, which would pave the way for new all-time highs. The soaring Global M2 money supply, which has a strong correlation to BTC, indicates that the it is just a matter of time.

Bitcoin’s resilience gives further credence to experts who claim that the largest cryptocurrency could hit $150k in 2025.

Fartcoin, Dogecoin And New Meme Coins Also Grab Headlines

Fartcoin is another crypto asset that continues to display bullish strength, much to the chagrin of serious-minded TradFi investors.

While the US economy spirals towards a recession, the Fartcoin price is up by 22% on Friday.

Dogecoin is also in the green, rallying by more than 5%.

Such bounces during broader market relief rallies indicate high latent demand. If the Bitcoin price rallies, Fartcoin and Dogecoin could be among the top performers.

New meme coins are also in high demand. Projects like ROUTINE, GHIBLI, TITCOIN and HOUSE have delivered more than 100x returns in the past few days owing to their small market cap.

Whales continue to bet on low-cap gems like Solaxy (SOLX), which has already raised nearly $30 million in its ICO.

It is the first prominent Solana layer-2 chain, powered by a zero-knowledge rollup, data availability tools like Celestia and a Hyperlane-powered multi-chain bridge.