The stock market crashing is the number 1 sign of a crypto bull run, it's coming!!! also, stocks is pumped through fiat money. In times like this, people will look for gold, silver and even crypto!
and look at the short altcoins boom, and also because people are running away from stocks right now!! this is a good sign that the sec will approve the ETF and bakkt will be launched, to drive BTC to a massive ATH.
Think about it guys, why would they launch ETF and bakkt in a bear market? why SEC keeps delaying etf when they can just reject it straightaway? they know it will have no effect on the price when the market is still bearish and no 1 is buying btc, now with this stock market crash will be perfect time for them to launch!! expect btc to go to the moon!!
i dont think btc will even shoot past 20k in a bear market even with an ETF if sec was to approve it back then. The market has to be bullish first!
it's no coincidence that this stock market crash lines up perfectly with the last deadline for ETF, it's a heavily manipulated market!
I do agree that if stock markets crash, or another financial crisis hits (especially if it's an inflationary one), then bitcoin will actually benefit due to the fact that it is decentralized, people trust in it as a store of value just like precious metals, and has a limited currency supply that cannot be manipulated by any single entity, or the government.
However, with that said, I don't expect a bullish breakout is happening any time soon still. Stocks are adjusting, but it's not in a bear market yet.
Yes, prices have gone up slightly from the bottom of $3k to around $4k. But that in my opinion is nothing but a short term rally that was due sooner or later. The overall sentiment is still extremely bearish at this stage, and it's much more likely to see prices move sluggishly and dipping occasionally, before the actual recovery hits, due to the fact that we're not close to the time taken for the last bear market to recover yet.
