Stockmarket correlation with Crypto

Discussion in 'Sharemarket News & Market Analysis' started by Zenith Chaos, 16th Oct, 2021.

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  1. Zenith Chaos

    Zenith Chaos Well-Known Member

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    Total market capitalisation of Cryptocurrencies is -$2 trillion. If the crypto market crashes, what is impact on the stockmarket? How many people/institutions are relying on crypto for living expenses? Where did all the money "invested" into crypto go? Did all the profiteering from crypto go back into stocks and property, which has pushed us to the current highs?

    These are questions that have plagued me and were triggered by the articles below. Given I am completely clueless about this, I am interested in people's thoughts.

    Bitcoin could trigger financial meltdown, warns Bank of England deputy | Cryptocurrencies | The Guardian

    If Bitcoin Crashes Here, The Whole Market’s Going With It
     
  2. ChrisP73

    ChrisP73 Well-Known Member

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