Quote from: mk4 on Today at 10:25:36 AM

Quote from: bytebulls on Today at 08:35:25 AM

Additionally, the volatility and uncertainty surrounding traditional financial markets have failed to translate into a direct increase in demand for Bitcoin because the coronavirus-induced panic has seemingly highlighted the need for alternative monetary systems rather than push Bitcoin to the center of the global finance stage.

Think about this for a second, do we really expect the people be like: "oh damn, stocks are soo volatile right now. I should get into bitcoin."

Because the right move is to move to bitcoin, a more speculative and a vastly more volatile asset, right?

In case of an economic collapse the stock market is the first thing that crashes and then other domino falls. Thus to have a safer side a person should always hedge some of his money in crypto in order to have rainy day funds, as mostly it is seen that the crypto market used to rise when the stock market fall. Also when there was change in laws in China about capitalism in end of 2017 the Chinese stock market wasn't performing well, but guess what the bitcoin price rose tremendously back then reaching the ATH and that too in only a couple of months.