2020 Macro Overview: Traditional & Digital Asset Market Behavior

Quick Take

  • 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. 

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