Is the market selling over yet? While Bitcoin alongside the rest of crypto market has stayed stable, the S&P 500 suffered a 10% correction which translates to be the worst month since 2018 when the stock market crashed terribly. The question asked is whether the almost decade-long finance bull market is at risk.
Perhaps, there’s no immediate trigger directly related to sell-off yet, but possibly the trade war between the US and China as well as the increase in Fed rates might have been behind the market turmoil. The current rout in global stocks might be a way the markets are telling the Federal Reserves that they are on the wrong course.
Some folks have their belief that the stock market crash has a lot to do with the upcoming US midterm elections.
Plus for Bitcoin and cryptocurrency markets in general?
The last time the global stocks crashed, investors had a shift to protect their money by investing in precious metals like gold and silver. But, that was back in 2008 when cryptocurrencies had not busted into the scene.
Almost a decade later, merely we may have a similar scenario in the stock market, and it seems like the crash has no impact on the cryptocurrencies, and hence, no signs of an inverse correlation. It implies that, just like gold and other precious metals, Bitcoin and the crypto market value, in general, depends solely on the supply and demand that’s within the market and is not affected by the global economic performance.
Therefore, it means that most individuals may seek to buy crypto coins-and since Bitcoin is dominating the market, it will significantly benefit. It is, therefore, expected that Bitcoin would do well during this kind of instances. One thing the shifting investors should be aware of is that the price of Bitcoin “always” keeps on fluctuating not like a mere 12% drop (it has become less-volatile in recent times though).
But predicting the price of Bitcoin in the future or the entire crypto market is not easy. And if someone is claiming to know the BTC price in the next ten years, is a liar. Sorry, but it’s the truth. But one thing is for sure, cryptocurrencies and the blockchain technology are the future, and it’s predicted that there might be an increase in the crypto market to $20 trillion in the next ten years.
If the stocks fall, we may be in for a good run in the crypto market as there could be a spike in investors turning to Bitcoin and other cryptocurrencies. Currently, there is no denying that big profits can be made from buying and selling of Bitcoin, but we can’t deny the fact that losses can also be in the waiting.
As it looks, indeed, as the stock market is falling, only the crypto market seems to be the best option to follow and buying Bitcoin at a time like now would sound to be a wise investment decision.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Vjkombajn/Pixabay
The post Is it the time to invest in Bitcoin as there’s rout in global stock markets? appeared first on Global Coin Report.
Read more at https://globalcoinreport.com/bitcoin-investment-time-as-global-stock-markets-in-rout/
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
