/biz/ - Business & Finance

I am considering converting all my crypto (52 Ethereum) to stable and wait for it to return to sub 1k again.
Should I do it since we are about to face a global recession?
Which stables should I hold that are safe? Maybe BUSD and USDC?

>>29486677
>>29486831
Slightly off-topic, but Elon bought into Bitcoin and I bet this will lead to Tesla's demise. Tesla's price now being partially influenced by Bitcoin, it's shares will plummet just as they are starting to do now, when the Bitcoin correction comes. People will start panic-selling Tesla shares, inevitably leading to the bankruptcy of Elon, because his Tesla shares are his collateral against his debts.
He'll most likely sell the company, make up a story how they treated him wrong or how others made bad decisions in the company that screwed everything up; start up a new company and out of pity his fans will once again buy whatever he comes up with.

What is the end result? Elon continues his conmanship elsewhere while leaving his Bitcoin plaything absolutely ravaged and unable to recover. I just hope it holds up. Bitcoin deserves to be way higher, but he ruined everything.