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RE: Imagine being able to "talk down the market" like Powell just did.

in LeoFinance2 years ago

I agree with you that it will be probably inevitable that Bitcoin will be corelated with the stock markets. Especially if a lot of funds will buy in. This will help adoption and make people educate themselves more.

I think in the long term Bitcoin will be its own asset class :)

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It is the risk on, risk off trade.

Cryptocurrency is not decoupled from that. For all the touting of safety, it is not a flight to safety choice for the markets. It is still speculation, hence will sell off when people are jittery.

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