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What Is the Definition of ‘Recession?’ And Does Bitcoin Care?

The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.

Updated May 11, 2023, 6:17 p.m. Published Jul 28, 2022, 10:48 p.m.
(ZargonDesign/Getty Images)
(ZargonDesign/Getty Images)