December 8, 2020, 7:00AM EST
• 10 min read
2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part I
- The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report.
- We provide evidence of Pre-Covid19 economic deterioration & financial system stress, arguing that the pandemic likely exacerbated a recession that was already on the horizon.
- We also make the case that traditional financial system stress likely contributed to the cryptocurrency market drawdown in Q4 2019.