the high possiblity of a new financial meltdown impact Bitcoin price!?
As I'm looking on the development of the NASDAQ in the last 30 years, I'm getting a little bit nervous due to the development since the last financial crisis 2007 and the internet bubble in 1999/2000. The growth of the NASDAQ since 2007 is much higher than before the internet bubble. In the last 9 years the NASDAQ value has continuously risen and is now 6 times more worth that in 2008. In my opinion the possiblity of a new financial meltdown is very high.
If you take a look at the amazon stock below it is nearly the same picture. Amazon has now a price of 1120US/ share. In my opinion this stock is overvalued regardless the fact that amazon is getting bigger and bigger.
The development of the bitcoin price is also impressive and fast in comparing to amazon.
However, there has always been correction to the market price in the stock exchange and I think it will also impact the BItcoin price, but I don't know in which way.
Cheers, @raykroc
Central banks are printing money to buy up shares. Pushing the prices of stocks much higher.
The next crash will be epic in my opinion. Much worse than 2008.
the next crash will definitly come, the main question is how to be prepare in the best way?
thank you sir . This post is very beautiful.
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