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?
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 think they will prefer buying gold to bitcoin since gold is a more secured collateral when stock market crashed, but, who knows ?!?
I think the market for gold and Bitcoin is the same Nobody's value is stable In time both get out. But the stock market crash can certainly affect Bitcoin as it will increase the investment of Bitcoin and now if Bitcoin is bought and kept in stock a lot of profit can be made upfront.