MultiversX Tracker is Live!

Its annoying to see bitcoin follows the stock market

All Cryptocurrencies

by COINS NEWS 162 Views

As the title says, it annoys me that bitcoin is following the nasdaq. Because Bitcoin and other cryptos are supposed to be a hedge against the stock markets corrections. But bitcoin basically follows the stock market. And if a recession happens I want to be making money on crypto so that I doesn’t have to worry about a recession or inflation. I hope it will change in the future so that Bitcoin becomes a digital gold that can be used to hedge against stock market corrections and recessions.

Does anyone agree with me on this or am I delusional for thinking that crypto should have been the ultimate hedge against inflation and recessions.

submitted by /u/Sameehhh
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments