2) It’s not possible to predict whether crypto stocks will restore, disentangle from tech stocks, or if when tech stocks reach margin calls, that people will sell crypto. It’s possible that they will flee to crypto if brave. I suspect in panic they will flee to cash.
Source date (UTC): 2022-01-21 17:52:28 UTC
Original post: https://twitter.com/i/web/status/1484584697493704704
Replying to: https://twitter.com/i/web/status/1484584695199371264
IN REPLY TO:
Unknown author
1) The #cryptocrash is not yet severe. It’s driven by the fact that most holders are techies, and tech stocks are taking the hit,so they are moving with tech stocks. However,non-tech is down 50% already meaning all tech stocks are hyperinflated as people try to time market exits.
Original post: https://x.com/i/web/status/1484584695199371264
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