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The Bitcoin Recession CrashBitcoin is a highly volatile cryptocurrency with a track record of �boom and bust� cycles � we look at what happened with the latest bitcoin crash. Gary Shilling says the S&P may crash 30%, a recession will hit � and bitcoin and AI are both overhyped. Theron Mohamed. Feb 8, , In late November, economists at JPMorgan and Deutsche Bank warned the US economy may tip into recession Bitcoin � Federal Reserve � Opinion.