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The Lost Year: Crypto & Equities Crash | An Opportunity or Just the Beginning? - Steemleo Show #22
25
@khaleelkazi
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1 min read
Today marked another major downturn for both equities and cryptocurrencies. Bitcoin is down over 25% and equities are down over 7% as of this recording.
We are at the beginning of a long-term stay-at-home economy. The potential impact of COVID-19 on businesses, employees, entrepreneurs, investors and everyone else is unknown at this point.
It’s hard to say whether we’re going to see crypto/bitcoin develop as a safe haven asset or if we’ll see it follow the rest of the markets as people panic sell into cash to stave off potential risk.
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In This Episode:
- Bitcoin is too young to be a safe haven from traditional markets
- Potential opportunity to spread your exposure
- Long-term thinking versus short-term thinking
- The lost year
- The economy is propped up on thin air and poor monetary policies
- Staying safe and how I’m approaching this market
Links Mentioned:
- https://www.tradingview.com/chart/?symbol=GEMINI%3ABTCUSD
- https://twitter.com/BW/status/1238076302428475393
- https://twitter.com/crypt0snews/status/1237822131540357120
- https://twitter.com/jimcramer/status/1238089818942341120
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