The billionaire CEO of Tesla and SpaceX, Elon Musk has revealed his thoughts on the global recession and said he expects it to last until near 2024 Bitcoin halving.
As inflation keeps draining people’s pockets worldwide, crypto might be a safe space for you; you can make fortune through Futures trading and in Spot market through personal interaction with MyCryptoParadise experts.
Join our ParadiseFamilyVIP membership today on Binance (spot and futures), Bybit, Kucoin, OKX, and Bitmex using PRO20% for your special20% discount; you’ll have a personal trading expert to assist you in all your trades with little or no effort required from you to win trades.
Hurry now as the promo expires soon and click here for reviews from our clients.
Tesla CEO Shared his Thoughts on Global Recession
Elon Musk on Friday took to Twitter to share his thoughts on the global recession in a thread and according to him, the global recession may last until the spring of 2024.
The conversation was initiated by Billy Markus, a Dogecoin co-creator who in his tweet said:
“Coronavirus numbers are actually pretty low. I guess all we have to worry about now is the impending global recession and nuclear apocalypse.” Musk commented: “It sure would be nice to have one year without a horrible global event.”
In the responses, another Twitter user proceeded to ask Musk about the current global economic situations, asking that:
“How long do you think the recession will last?” The Tesla boss replied: “Just guessing, but probably until spring of ’24.”
The user followed up with another response, asking: “How much worse do you think it will get? Like a little worse or a ton worse?” Musk replied:
“Varies a lot. Tesla & Spacex are in good positions, but many other companies are not. Recessions do have a silver lining in that companies that shouldn’t exist stop existing.”
In Tesla’s third-quarter earnings call last week, Musk said that “China is experiencing a recession of sorts” and “Europe has a recession of sorts driven by energy.” Meanwhile, “North America’s in pretty good health, although the Fed is raising interest rates more than they should, but I think they’ll eventually realize that and bring them down again,” he said.
Quite a lot of people expect the US economy to dip into recession, 98% of chief executives however are preparing for a US recession while 99% of them are expecting an EU recession, according to a recent survey.
Leading investment banking, Goldman Sachs, and the CEO of JP Morgan have also warned of a possible US recession.
Join our telegram channels where we share our FREE updates and analysis on coins like BTC, ETH, and other trending altcoins. We also share our FREE secret insights, and also FREE market updates.
- My Binance Paradise – https://t.me/MCP_binance
- My KuCoin Paradise – https://t.me/MCP_KuCoin
