question for all of my fellow steemians out there that know way more about this stuff than me. What Happens If the stock market collapses ? I noticed today the the US dollar has plummeted in recent days, yet the "news" tells us how great stuff is and how low unemployment is.
Will bitcoin go up ? down ? collapse too ? i saw an interview with warren buffet where he basically claims bitcoin price is based off the dollar.
How can the stock market fail? The stock market has been going up for 100 years. Why and how could it possibly fail?
If the market crashes, that should be good, in theory, for the crypto currencies because all that money leaving the markets has to find a home somewhere and some of that cash will invariably end up in the cryptos.