"The crash" or "the cash"?You should edit your title,OP.
This global market crash proves that bitcoin and the cryptocurrencies are not a safe heaven for the investors.
I`m pretty sure that all the traders and investors will sell all the risky assets they have(like bitcoin and altcoins)and they will start buying gold.I`m wondering what factors influence this crash.The US economy is growing.There isn`t any major crysis in Europe or China.Maybe somebody will come up with a brand new conspiracy theory.
This global market crash proves that bitcoin and the cryptocurrencies are not a safe heaven for the investors.
I`m pretty sure that all the traders and investors will sell all the risky assets they have(like bitcoin and altcoins)and they will start buying gold.I`m wondering what factors influence this crash.The US economy is growing.There isn`t any major crysis in Europe or China.Maybe somebody will come up with a brand new conspiracy theory.
Everything isn't hunky-dory with the US economy. Some prominent economists have even declared that the US stock market is entering a multiyear bear market and concerns have been raised that the US might be set for its first recession since 2008 and its impact across the globe. As far as Bitcoin/cryptos/stocks are concerned, FUD is one of the main factors and the crypto market for more than a week is down under from FUD regarding Korea, India, China, and Bitfinex/Tether. Don't know if the stock market crash would have any impact on crypto market, not likely, but if the stock market situation worsens and crypto recovers from FUD, it probably would have an impact on the collapsing traditional market.
