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57618232 No.57618232 [Reply] [Original]

If the global economy crashed, what would happen to BTC?

>> No.57618249

It would go up in value.

>> No.57618250

>>57618232
What economy?
Everything is produced in china.

>> No.57618255
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57618255

Face melting pump because everyone is trying to save their assets into something that they believe won’t be affected… that is until I redeem sirs.

>> No.57618357

>>57618232
>>57618249
>>57618255
Its been proven that bitcoin moves with the stock market. So it will crash will everything else.

>> No.57618375

>>57618357
What's the correlation coefficient between BTC and SPX? Asking sincerely.

>> No.57618398

>>57618232
Haven’t we already established crypto is a continuous pump n dump cycle?
Get a real asset like gold ffs.

>> No.57618530

>>57618375
its at 0.66 right now but it varies and goes into negative as well over the time, btc is not that highly correlated with stocks all in all

>> No.57618554

>>57618232
I'm no expert but I've been in crypto since 2018. If you ask me it seems most likely BTC would crash in the heat of the moment as the biggest holders also have massive stake in other non-crypto assets. They would offload BTC in a panic to try and save other positions or capitalize on the low prices elsewhere. After that there's no telling but BTC would eventually recover while stocks or whatever may not.