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Learning & News => News related to Crypto => Topic started by: CebuBitcoin on June 13, 2020, 01:18:56 AM

Title: 3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses
Post by: CebuBitcoin on June 13, 2020, 01:18:56 AM

3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses

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Experts are anticipating a stock market crash in the near term. Bitcoin may follow suit due to three main factors.
Experts in the financial market and the crypto industry foresee a major stock market correction unfolding in the short term. Given the high correlation of Bitcoin (BTC) with stocks observed in the past three months, there is a strong possibility that Bitcoin could follow suit.

The United States stock market has seen extreme volatility after the Dow Jones Industrial Average dropped by around 7% on June 11, led by double-digit drops of airline stocks. A confluence of three factors is seemingly triggering sizable volatility in the stock market: uncertainty around the COVID-19 pandemic, institutions moving to cash and bonds over stocks, and major geopolitical risks.

Source: https://cointelegraph.com/news/3-reasons-why-bitcoin-price-could-crash-if-us-stock-market-collapses

Title: Re: 3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses
Post by: Alcor on June 13, 2020, 05:25:50 AM

I do not think that the fall of the stock market this time will seriously affect the lowering of the price of bitcoin. For the correlation between Bitcoin and the stock market, in each case, other reasons are needed simultaneously. Now, on the contrary, we expect the global economic crisis to occur, in which stock markets should fall sharply, and the demand and price of cryptocurrencies should increase significantly due to the fact that the cryptocurrency is not subject to inflation.