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No. of Recommendations: 3
I don't think people are selling stocks to buy crypto. Crypto fell too today from where it opened this morning, it's trading in the same direction as stocks not the opposite. I am not sure I buy the thesis that it is going to hold up the way gold does when things start seriously falling either.. In my mind it is just as likely that people will sell it along with stocks it is much easier to sell than bringing gold to the pawn shop. Just my two cents.
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