I really hope altcoins can get rid of their dependence on bitcoin. And cryptocurrency in general can get rid of any dependence on other financial markets and political systems...
The bigger issue for the cryptos is that if the stock market bubble pops and cryptos slide down along with everything else, bitcoin will not be perceived as a safe-haven asset.
This type of correlation would be a big minus for bitcoin's reputation as the digital equivalent of gold!
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Bitcoin was up before and after stocks cratered although not as much.
I really hope altcoins can get rid of their dependence on bitcoin. And cryptocurrency in general can get rid of any dependence on other financial markets and political systems...
Well, only -4% would be considered a successful day in the crypto world! 😂
What a loss!!
The bigger issue for the cryptos is that if the stock market bubble pops and cryptos slide down along with everything else, bitcoin will not be perceived as a safe-haven asset.
This type of correlation would be a big minus for bitcoin's reputation as the digital equivalent of gold!
So what do you think should be done in other to hinder it from sliding down and losing value?
I think we may be having a repricing where other assets fall in relation to bitcoin. I think we will know a lot more on Monday.
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