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Thursday, December 27, 2018

Are cryptocurrency markets and the stock market connected?! The topic sparks debate...

How connected are the cryptocurrency and stock markets?

Here's why it's an interesting debate - those giving it a wider overview see that in 2017 both markets had some pretty impressive gains.  Then this year when tech stocks took a dive, cryptocurrency followed. This has some convinced - they're very connected.

But upon analysis of each single day's movements in the cryptocurrency markets, very few of them show signs of any correlation with stocks. This has some convinced - there's no link.

In the above clip, Anthony Pompliano who is Morgan Creek Digital Assets's founder debates this topic.