05-05-2022, 12:16 PM
Its annoying to see bitcoin follows the stock market
<!-- SC_OFF --><div class="md"><p>As the title says, it annoys me that bitcoin is following the nasdaq. Because Bitcoin and other cryptos are supposed to be a hedge against the stock markets corrections. But bitcoin basically follows the stock market. And if a recession happens I want to be making money on crypto so that I doesn’t have to worry about a recession or inflation. I hope it will change in the future so that Bitcoin becomes a digital gold that can be used to hedge against stock market corrections and recessions. </p> <p>Does anyone agree with me on this or am I delusional for thinking that crypto should have been the ultimate hedge against inflation and recessions.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sameehhh"> /u/Sameehhh </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uijvn6/its_annoying_to_see_bitcoin_follows_the_stock/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uijvn6/its_annoying_to_see_bitcoin_follows_the_stock/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>As the title says, it annoys me that bitcoin is following the nasdaq. Because Bitcoin and other cryptos are supposed to be a hedge against the stock markets corrections. But bitcoin basically follows the stock market. And if a recession happens I want to be making money on crypto so that I doesn’t have to worry about a recession or inflation. I hope it will change in the future so that Bitcoin becomes a digital gold that can be used to hedge against stock market corrections and recessions. </p> <p>Does anyone agree with me on this or am I delusional for thinking that crypto should have been the ultimate hedge against inflation and recessions.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sameehhh"> /u/Sameehhh </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uijvn6/its_annoying_to_see_bitcoin_follows_the_stock/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/uijvn6/its_annoying_to_see_bitcoin_follows_the_stock/">[comments]</a></span>