Post
Topic
Board Economics
Re: Can a Stock Market Crash affect Bitcoin?
by
bobitza
on 04/02/2020, 09:32:00 UTC
I was thinking that investors would think the cryptocurrency market as an alternative to traditional investment products.
Having said that, my point was that those two markets have a reverse impact.

If the stock market goes down, then investors would start searching for alternative (more profitable) investments and turn to Bitcoin and cryptocurrencies.
The last days stock market crash seems that lead the market cap of the crypto market down.

Does the Stock Market has impact over the Bitcoin price?
I agree with your point! Stock market crash will greatly affect the cryptocurrency market. Maybe when the stock crash, people will divert their investment to Bitcoin. Bitcoin is currently rising very fast. This is a good sign if you choose bitcoin to invest!