Here's why Bitcoin might be safe from a global stock market crisis By Cointelegraph

Here's why Bitcoin might be safe from a global stock market crisis

CryptocurrencySep 19, 2021 08:40PM ET

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Here's why Bitcoin might be safe from a global stock market crisis

One of the reasons behind Bitcoin's (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it "digital gold," a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network.

El Salvador's adoption as legal tender will likely evidence the means of exchange (MoE) functionality that the Lightning Network provides. The Layer-2 scaling solution allows instant and insanely cheap transfers, although it requires regular on-chain transactions to enter or exit this parallel network.

Bitcoin vs. gold (precious metal) in 2020. Source: TradingView

Bitcoin vs. Hang Seng Index (stocks). Source: TradingView

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US 30	32,302.9	+79.5	+0.25%
US 500	4,023.3	+15.3	+0.38%
Dow Jones	32,223.42	+26.76	+0.08%
S&P 500	4,008.01	-15.88	-0.39%
Nasdaq	11,662.79	-142.21	-1.20%
S&P 500 VIX	27.47	0.00	0.00%
Dollar Index	104.185	-0.015	-0.01%

Crude Oil WTI	111.53	-0.29	-0.26%
Brent Oil	113.99	-0.25	-0.22%
Natural Gas	8.051	+0.078	+0.98%
Gold	1,824.39	+10.39	+0.57%
Silver	21.616	+0.065	+0.30%
Copper	4.2260	+0.0193	+0.46%
US Soybeans	1,654.12	-1.88	-0.11%

SPDR S&P 500	400.09	-1.63	-0.41%
iShares Russell 2000	177.22	-0.85	-0.48%
Invesco QQQ Trust	298.44	-3.50	-1.16%
Direxion Daily Junior Gold Miners Bull 2X Shares	47.51	+0.96	+2.06%
iShares Silver	19.93	+0.51	+2.63%
ProShares Ultra VIX Short-Term Futures	15.09	-1.02	-6.33%
ProShares UltraPro QQQ	30.65	-0.98	-3.10%

Apple	145.54	-1.57	-1.07%
Alphabet A	2,288.90	-32.11	-1.38%
Tesla	724.37	-45.22	-5.88%
Amazon.com	2,216.21	-44.89	-1.99%
Netflix	186.51	-1.13	-0.60%
Meta Platforms	200.04	+1.42	+0.71%
Bank of America	34.81	-0.36	-1.02%

Here's why Bitcoin might be safe from a global stock market crisis

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