The likelihood of an economic recession this year could delay the recovery of the digital asset industry by another year to 2025, says a source from Asian crypto exchange Zipmex, noting the recent surge in prices could be short-lived.
The source, who requested anonymity, said digital assets typically follow a four-year cycle, but a rebound in the crypto market could be pushed back from 2024 if a recession occurs.
“The industry this year should be quite similar to last year, with a recovery projected for 2024. But things could change if there is a recession, which is likely,” said the source.
“In that scenario, people would have lower purchasing power, meaning they will…
