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RE: Bitcoin and cryptocurrencies tank, why?
It does make sense given how the herd mentality works with risky assets. However, these are mostly short term and bitcoin would actually be a safe haven like gold if concerns of the stock market extend to other financial markets like bonds and real estate for example. Will be interesting to see how those markets play out.
Good point. May move together in the very short term. However, a longer term bear market may actually be good for bitcoin. We will see.