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RE: Is the Bitcoin and Stock Market Crash Related?
Thank you for your valuable opinion. I did thought sp500 and btc crash lines were related, because if I lost a lot in one market then I need to sell on the other market to eat my lunch. But even gold is down!?.. where all the 'value' (money?) is going to? This all 'downs' cannot be only value lost by depreciation of the perceived values, or could? ... someone is storing value under its bed or over spending in restaurants and wine...
Seems like there are talks that banks themselves are not really loaning to each other... Some of your points seem to point that banks are overextended and taking money out to pay their bills? Store under its bed could quite be but why would they when they were doing well? I assume they are overspending (and overextended). Even the bond market is acting weird too..
Thank you Sir for sharing opinion. :D
Well correlations of all assets tend to rise during crashes - all the money is going to... money! Cash, it's king when people are selling.
I wonder if there exists money enough in the world for all the value stored in all the markets ...