What was the impact of the 1997 stock market crash on cryptocurrency prices?

3 answers

• Nov 29, 2021 · 3 years ago
  The 1997 stock market crash had a limited impact on cryptocurrency prices. At that time, cryptocurrencies were not as widely recognized or traded as they are today. Therefore, the crash mainly affected traditional financial markets and had minimal spillover into the cryptocurrency market. However, it is worth noting that any major financial event can have some indirect influence on cryptocurrencies, as investors may seek alternative assets during times of uncertainty.
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• Nov 29, 2021 · 3 years ago
  The 1997 stock market crash didn't have a direct impact on cryptocurrency prices. Cryptocurrencies, such as Bitcoin, were not even invented at that time. The crash primarily affected traditional stocks and bonds. However, it is important to consider that the overall sentiment in the financial markets can indirectly affect the cryptocurrency market. If investors lose confidence in traditional assets, they may turn to cryptocurrencies as a safe haven or alternative investment.
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• Nov 29, 2021 · 3 years ago
  The 1997 stock market crash had no impact on cryptocurrency prices because cryptocurrencies didn't exist back then. Bitcoin, the first cryptocurrency, was created in 2009. However, it is interesting to analyze the impact of more recent stock market crashes on the cryptocurrency market. For example, during the 2008 financial crisis, Bitcoin experienced a surge in popularity as people sought to protect their wealth from the traditional financial system.
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