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RE: Stock market continues to crash..but NVIDIA goes up on reports of "frenzied demand for graphic chips"

in #bitcoin7 years ago

Yeah, I think it will be a rough ride. If the market continues to crash it might actually hurt crypto in the short run if people have to liquidate crypto to make margin calls in stocks. Maybe I am way off but I have seen it happen before in precious metals.

If they have to reduce interest rates again and print money to prop things up though watch out. That would probably cause a crypto moon shot as people scramble to preserve purchasing power in an asset that can't be printed to infinity.