Goldman Sachs Stock Market Indicator Goes ‘Flashing Red’ to Predict a Collapse as Bitcoin Speculators Look for a Boost

2018-11-14 23:08

Two matters are currently top of the discussions within the cryptocurrency community; the upcoming Bitcoin Cash hard fork and the SEC’s impending decisions on Bitcoin ETFs. The approval of Bitcoin ETFs is expected to cause a massive influx of institutional investors into the crypto market.

According to a post on Bloomberg, the reluctance of large companies to delve into the crypto space results from a lack of concern. However, this could change soon – the stock market is getting more unpredictable by the day, whereas the price of Bitcoin is stabilizing. If this trend persists, institutional investors could turn into the more stable crypto investments.

Earlier this week, Goldman Sachs run their bear market prediction tool and the results were far from encouraging. In fact, the market has never undergone a regression as intense as the current one over the past fifty years. Moreover, the tool indicated that investors who persist with their stock investments are at the risk of incurring substantial losses.

More specifically, CNBC revealed that the Goldman Sachs tool considers several parameters before arriving at a final value. These include the rate of unemployment and inflation, among many others. As mentioned earlier, the 73% result is the worst-ever return since the 1960s. A testament to this appalling performance is the recent plummeting of the Dow stock exchange.

In addition, Peter Oppenheimer, the principal equity strategist at Goldman Sachs, said that the results indicate that the future of the stock market is bleak. A similar opinion was expressed by JP Morgan, as they predicted that the US stock market has a high probability of undergoing recession within the next two years. Peter backed his stance by mentioning that previous instances where the indicator has gone above 60% have always been followed by bear markets.

The collapsing of the stock market does not translate to the flourishing of the crypto markets. Regardless, the recession is likely to spur a massive migration to crypto investments. Institutional investors are expected to be on the forefront of this transition.

Lastly, Bitcoin and other digital currencies are inherently immune to inflation. This is the reason why cryptocurrencies have gained more users despite the bearish trends throughout 2018.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66263 (+0.46%)
Объем 24H $42.763b
Изменеия 24h: 6.69 %, 7d: 8.13 %
Cегодня L: $65723.56 - H: $66316.72
Капитализация $1305.313b Rank 1
Цена в час новости $ 5860.81 (1030.61%)

bitcoin etfs market approval expected impending fork

Источник: bitcoinexchangeguide.com

bitcoin etfs → Результатов: 126


Фото:

Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs

Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC interview on March 1, where he shared his insights about the performance of spot Bitcoin ETFs and the market’s response to their recent […] The post Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs appeared first on CryptoSlate.

2024-3-3 01:44


Record-breaking month for Bitcoin ETFs in market debut; rising memecoin could outshine Cardano

The cryptocurrency market is witnessing unprecedented growth, with Bitcoin ETFs making a historic debut and the emergence of promising altcoins like Rebel Satoshi ($RBLZ).   This article explores the record-breaking month for Bitcoin ETFs and analyzes the potential of Rebel Satoshi in comparison to established players like Cardano.

2024-2-21 17:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Arcblock crypto jumps 64% in one month: Is $4.12 next?

Arcblock crypto’s price has increased by 64% in the last 30 days. Bullish pressure is significant in the token’s market. ABT, the native token of Arcblock crypto, a platform designed to The post Arcblock crypto jumps 64% in one month: Is $4.12 next? appeared first on AMBCrypto.

Ethereum ETF chances 'slim to none' as SEC considers ETH 'security'

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange ComThe post Ethereum ETF chances 'slim to none' as SEC considers ETH 'security' appeared first on AMBCrypto.

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.