Will Stock Market Crash Effect Crypto?!!!
With the recent crash in the Dow Jones in the last week (I believed it was a combined 1000 points) you may be wondering how this will effect crypto. If you are like me, and think probable, you thought crypto would crash as well. Then I thought what was cryptocurrencies biggest asset? Its biggest asset is its decentralized attributes that make it more separate to the economy than most things.
Then you can also look who is invested right now in crypto. And for the most part it is just the individualized person, but not big institutions. Leaving me to believe that if the market actually did completely crashed, these institutions would be looking for something to put their money that isn't losing a ton of money. Especially in the possible hyper-inflation afterwards. However, I do think initially the crypto market will be get hit, as it is still somewhat tied into the economy, but it will soar after.
Anyways, it is an interesting theory that I have! Comment down below if you have any questions, or would like to talk to me about it. -Crypto DJ
I could see that being a definite possibility. It’s hard to tell what will happen. That’s why we speculate.
😂True crypto at this point is just of a speculative nature.
I totally agree with your view. It would be the same as with gold in 2008, small crash and then it skyrocketed
Ya, this is why crypto excited me so much!!!