The stock market crashing is the number 1 sign of a crypto bull run, it's coming!!! also, stocks is pumped through fiat money. In times like this, people will look for gold, silver and even crypto!
and look at the short altcoins boom, and also because people are running away from stocks right now!! this is a good sign that the sec will approve the ETF and bakkt will be launched, to drive BTC to a massive ATH.
Think about it guys, why would they launch ETF and bakkt in a bear market? why SEC keeps delaying etf when they can just reject it straightaway? they know it will have no effect on the price when the market is still bearish and no 1 is buying btc, now with this stock market crash will be perfect time for them to launch!! expect btc to go to the moon!!
i dont think btc will even shoot past 20k in a bear market even with an ETF if sec was to approve it back then. The market has to be bullish first!
it's no coincidence that this stock market crash lines up perfectly with the last deadline for ETF, it's a heavily manipulated market!
Stock markets do not really have a correlation with bitcoin if you ask me but I could be wrong of course, I am not an expert on this. My logic was if someone is losing money on stock markets because its falling do you really think they would rather invest their money on something that went 80% lower on the year ? I mean if they think bitcoin went down so its time to go back up don't you think they would feel the same on stocks as well ?
Stocks are down anyway so if they put their money on stocks they could profit while its recovering so they do not need to put their money on bitcoin and hope it will go back up. Of course I could be wrong, there could be people who would rather put their money in crypto currencies because they believe in the future long term profits instead of the short term gains.