Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

https://www.youtube.com/watch?v=duZN4mvKnHw&feature=youtu.be

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the first time. Now you sit there and think but they got Rekt right? I was speaking to one of my friends who’s been around since 2013 he told me he made mistakes the last bull run. The understanding he had from those losses and mistakes made him millions in 2017. Another nice fact to share with is this was just the start of the knowledge pool and we still only have 2% of the world holding cryptocurrencies. So applying what was missed by many saw this as an opportunity to share my findings and you will see many doubted me, but 3 months later the markets are all down on average 15%.

Now to discuss, will the stock market continually falling affect crypto? The simple answer is yes, I thought maybe some of this will flow into crypto, but I also realized since that, the market was nowhere near where it needed to be to see that confidence or growth quite yet! Since I made the video above we have seen all markets fall considerably as people hedge to metals and fiat. A question you may be asking yourself; How will this affect the market if we go into a full-blown recession? This is a hard question to answer, but I will give what I believe will happen. If we go into full-blown recession in 2019 all markets will suffer including crypto, this is a harsh but real reality when money is tight people pull out of investments and go into cash and precious metals like gold. Many think if the recession happens over time with education on mass about cryptocurrency and the use cases of blockchain technology there will be a slow growth and sometime in 2020 another potential bull run with the halving of BTC. Will they be right is to be seen, but I am sure of one thing that by 2022 all those who remain in the space and focus on mass adoption will be greatly rewarded. The 2017 bull run to 800 Billion will be laughable in 5 years time when this market should be well over 2 Trillion if not even closer to 5 Trillion by 2023.

Joel Kovshoff

Director at BlockRake

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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.

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