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Sure it's macro. But if crypto is dragging down the rest of the market what does that say about the market?
by 11101010001100 4y ago
Sure it's macro. But if crypto is dragging down the rest of the market what does that say about the market?
- FabHK 4y agoYou might have cause and effect mixed up there.
- deleted 4y ago[deleted]
- bcrosby95 4y agoThe market isn't down because of crypto.
- jeffreyrogers 4y agoI doubt crypto is the driver. Seems more likely that institutional investors are pulling out of cryptos as inflation spikes. So crypto crash is an effect, not a cause.
- hn_version_0023 4y agoI like to quote Reggie Watts, from his TED talk: “What can you do when the entire economy is based on lies?” Such an uncomfortable chuckle from the crowd!
- throwaway743 4y agoYeah because the fed is hiking rates due to crypto causing inflation? Or it was crypto that was used for extreme QE? Or was it crypto that caused companies to inflate their stock values via buybacks? Not to mention crypto marketcap and volume is a drop in the bucket compared to securities.
- xtracto 4y agoCrypto marketcap is a huge lie.
- throwaway743 4y agoThe point being, regardless of whether or not the crypto marketcap is a lie or not, is that it pales in comparison to the marketcap of securities. Meaning, the crypto market has little to no weight in influencing traditional markets.