The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.
Growth Deceleration To Economic Contraction
In today’s issue we present a broad overview of the ever-changing global macroeconomic environment, and finish with its implications for bitcoin.
“The pace of US economic growth has slowed sharply in June, with deteriorating forward-looking indicators setting the scene for an economic contraction in the third quarter.” — Chris Williamson, Chief Business Economist at S&P Global Market Intelligence