{"id":415907,"date":"2020-02-25T13:09:23","date_gmt":"2020-02-25T13:09:23","guid":{"rendered":"https:\/\/wncen.com\/?p=415907"},"modified":"2024-06-11T13:42:29","modified_gmt":"2024-06-11T13:42:29","slug":"bitcoin-may-crash-with-the-stock-market-as-economic-crisis-looms-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-may-crash-with-the-stock-market-as-economic-crisis-looms-analyst\/","title":{"rendered":"Bitcoin May Crash With the Stock Market as Economic Crisis Looms: Analyst"},"content":{"rendered":"

Bitcoin is not a hedge against traditional finance, according to Mati Greenspan<\/a>, analyst and founder of Quantum Economics<\/a>.<\/p>\n

On Monday, Greenspan tweeted a chart showing Bitcoin, crude oil, and US stocks bouncing in unison following mass market sell-offs over coronavirus fears. This evidence suggests that Bitcoin is a risk asset, as opposed to a safe haven. And so may suffer during an economic crisis as a result.<\/p>\n

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Check out this short term graph showing #bitcoin<\/a> getting a critical bounce at the exact same moment as the US stock market and crude oil.<\/p>\n

If anything, it's really showing signs of behaving like a risk asset. pic.twitter.com\/jILohCtFC6<\/a><\/p>\n

— Mati (@MatiGreenspan) February 24, 2020<\/a><\/p><\/blockquote>\n