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RE: The Dow getting pummeled, again. Bitcoin hanging in there.

in #bitcoin7 years ago

As for it being indirectly related, I would say that BTC is considered to many as a hedge against currencies, similar to that of gold. Therefore, if the demand, recognition and acceptance of BTC becomes much larger, there is a chance it would be in a similar position to that of gold and the stock market.”

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I would say that is a pretty good guess as well.