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/biz/ - Business & Finance

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56292779

Anonymous Thu Oct 5 18:13:33 2023 No.56292779 [Reply] [Original]

Its funny how crypto tanked with the economy, for years you were saying it would be a hedge

>>	Anonymous Thu Oct 5 18:15:45 2023 No.56292795 Yeah, crypto seems to be a risk asset, so it's correlated with stock prices. Even gold is slightly correlated with stock prices. They're not the hedges people think they are... there's a lot of superstition.

>>	Anonymous Thu Oct 5 18:19:47 2023 No.56292823 >>56292779 Well, where were the dollar and gold at in 2007 compared to now? And the index funds? Because BTC and Eth are up millions of % newfag.

>>	Anonymous Thu Oct 5 18:23:22 2023 No.56292848 >>56292779 truth is no one fucking knows, total marketcap might aswell quintuple if the world economy fully collapses and i wouldn't be surprised