Coinbase: The US economy may peak in Q2, retail investor enthusiasm may be suppressed

ChainCatcher news, according to The Block, Coinbase released a weekly report stating that the U.S. economy may peak in the second quarter of 2024. If the U.S. economy subsequently falls into recession, retail investors may be reluctant to hold new stock or cryptocurrency positions.

Additionally, the report noted that regardless of which candidate wins, the U.S. elections in November could trigger more fiscal expansion. "This is a strong incentive to buy Bitcoin as an alternative to the traditional financial system."