Bitcoin is Tied to the Stock Market



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14 Comments

  1. I suspect when the next crash happens in stock, BTC will probably initially follow suit (people liquidating for cash, as you say, temporarily pushing up supply), then reverse up as demand goes up due to the lower cost. Investors see this, abandon stocks and go into crypto, feeding the rise further.

    It will happen a lot more quickly if the dollar devalues (inflation) on top of a stock market crash.

    Your thoughts?

  2. I think thats because BTC is still trust backed by dollars in USDT… And until we can actually use BTC as a trading currency in regular life, i this relation to USD will continue until the trust switches from USD to BTC. But thats my 2 cents.

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