FXstreet

Could a bear market in stocks bolster Bitcoin and gold?



Bitcoin will likely benefit if stocks suffer a "major pullback," stated Tim Enneking, managing director of Crypto Asset Management. Many market observers are closely watching the relationship between the stock market and Bitcoin, noted Mati Greenspan, senior market analyst for social trading platform eToro. "So far we haven't seen any flows from the stocks into Bitcoin," he stated, emphasizing that many traders do not believe that the recent declines in stocks constitute a bear market.

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