With the US stock market dropping to extreme lows, we could see more money come into crypto. This could be what causes a bounce in crypto values, or it could drag us all even lower.
I plan to talk about this much more later in the day and give details and explanations for everything, but in short the stock market dropped... A LOT. And the news media is spreading FUD about that now. I think part of this is due to the fact that Donald Trump speaks about the market so much, and now they want to pin the fall on him even though its not really his fault. Remember when BTC crashed from its all time high a couple weeks ago? Wel now the stock market did the same. No longer can people say that their money is safer in stocks than in crypto.
Also, after the stock market drops to its low, it would be a good time for people to start investing in their 401k and stocks in general. Things will pick up again after that, just like they have after the both of the recent crashes in the 2000’s. Now I’m not predicting things will get that low again, but they certainly could.
Lastly, just like in crypto, this sell off is caused by fear in investors. Investors are pulling their money out. But why? If they stopped pulling their money out, things could stabilize. So what makes stocks different than crypto. Sure they are regulated, but they can still be influenced by whales. Crypto reached a low recently, and we are due to break out soon. The stock market just saw its drop begin, expect some more sell off.