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A comment on Ask HN: Is anyone else glad the crypto market is crashing?. Parent comment

Re:Ask HN: Is anyone else glad the crypto market is crashing? by throwaway743 on Thursday May 12, 2022 @02:20PM (#31358090)
Yeah because the fed is hiking rates due to crypto causing inflation? Or it was crypto that was used for extreme QE? Or was it crypto that caused companies to inflate their stock values via buybacks?

Not to mention crypto marketcap and volume is a drop in the bucket compared to securities.

[ Parent | on HN ]
Re:Ask HN: Is anyone else glad the crypto market is crashing? by xtracto on Thursday May 12, 2022 @11:30PM (#31362986)
Crypto marketcap is a huge lie.
[ Parent | on HN ]
Re:Ask HN: Is anyone else glad the crypto market is crashing? by throwaway743 on Friday May 13, 2022 @12:24PM (#31369563)
The point being, regardless of whether or not the crypto marketcap is a lie or not, is that it pales in comparison to the marketcap of securities. Meaning, the crypto market has little to no weight in influencing traditional markets.
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