You all realize that the only reason stocks are still up are because the banks are propping them up while switching to short positions right?
the second they are net short it will plummet. highest unemployment rate in ALL of history.
And you think crypto is any different? There is no liquidity in the world, who the FUCK has time for "world currency" bullshit? The game is done, the recession is here and wojaks are coming.
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Btc can act as a hedge against the dollar/inflation. Gold is out. You actually have to wait in line to buy gold meaning new money coming in btc. Stocks arent a hedge. They just are a symbol of a company basically. It can take btc with it though as it did last time due to stock traders that have a lot of btc and selling to cover their position.
buddy we JUST watched bitcoin be COMPLETELY correlated to the stock market in the last crash
you say the word "hedge" like its some magic sprinkle shit but at the end of the day all crypto and stocks are held by the same mother fuckers that are going to be broke as fuck when the reality of this unemployment rate hits
Yeah, he literally just said that. It CAN operate like a hedge, but in reality people cover their positions in other markets.
You are retarded. Read:
>It can take btc with it though as it did last time due to stock traders that have a lot of btc and selling to cover their position.
Anyways, crypto isnt some hedge against stocks either. It's against inflation. So ya, if stocks die, people will probably sell and drop that shit. It can still be seen as gold 2.0. Problem is since it's still in the early stages die to small market cap, it is still not actually a safe haven at THIS point in time.
stocks will never go significantly down like that in nominal terms because the central banks will just buy it all.
Its QE to infinity
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There hasnt been any real economic growth since 2000, and its only gonna get worse. Look into Venezuela, their stock market is busting nuts daily despite the economy being non existent
bro, we are now in the green on the Nasdaq and the S&P 500, we aren't where you think we are.
Are you not capable of thinking ahead? Are you actually dumb enough to think this economy and the stock market is healthy? You think QE is good? You think hyper inflation and lower interest rates are a good thing? Get real
Welcome to the "return to normal" phase of society
There is a point there, infinity dollars printed can keep the market up for awhile.