Coinbase released a weekly report saying that the U.S. economy could peak in the second quarter of 2024. And if the U.S. economy subsequently falls into recession, retail investors may be reluctant to take new positions in stocks or cryptocurrencies. In addition, the report also pointed out that regardless of which candidate wins, the US election in November is likely to trigger more fiscal expansion. This is a strong incentive to buy bitcoin as an alternative to the traditional financial system.