You are viewing a single comment's thread from:
RE: Experts are beginning to say that a crash in bitcoin will spill over into the stock market
I agree that Bitcoin shooting up to $100,000 is a much bigger threat for the stock market than crashing to $1000!
My thought as well. Bitcoin isn't intertwined with the real economy basically at all at this point. Not many institutions own it and the exchanges that do trade it aren't trading anything else. No much contagion risk at all in my opinion.
Hello @otage ! I see a consensus among fin. system experts that when the “King’s Men” see a serious threat to tax revenues or to official management of monetary policy they are going to “come out swinging”. What do you think of the notion that the threat will be quite apparent when the bitcoin price gets so high that there will be enough tiny fractions of one bitcoin around to support buying and selling goods and services (using those tiny fractions) on a wide scale? Do let me know if you see any discussions on this matter, and thanks in advance.