U.S. stock futures tumble indicating another plummet on Wall Street

Re:U.S. stock futures tumble indicating another plummet on W... by slicerdicer2 on Sunday April 06, 2025 @07:35PM (#43605937)

One factor that the media has missed is that the "dork right" who support trump have the bitcoin put option.

Elect trump -> his crazy ideas work -> stonks go up -> get rich

Elect trump -> his crazy ideas destroy USA -> USD collapses -> BTC goes to infinity -> get rich

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Re:U.S. stock futures tumble indicating another plummet on W... by wdpk on Sunday April 06, 2025 @07:43PM (#43605999)

BTC/USD is down as we speak 6% around 78k... if anything the riskier the asset the more downside there is

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Re:U.S. stock futures tumble indicating another plummet on W... by astrange on Sunday April 06, 2025 @07:36PM (#43605952)

BTC is a risk asset owned by US institutions, so that won't happen. It's basically another version of QQQ.

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Re:U.S. stock futures tumble indicating another plummet on W... by slicerdicer2 on Sunday April 06, 2025 @08:16PM (#43606204)

QQQ hasn't gone up 1000000% in 15 years

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Re:U.S. stock futures tumble indicating another plummet on W... by astrange on Monday April 07, 2025 @02:57AM (#43608600)

Any gain can be a 1000000% gain with enough leverage.

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Re:U.S. stock futures tumble indicating another plummet on W... by Tadpole9181 on Monday April 07, 2025 @12:57AM (#43607865)

I don't follow. If the economy collapsed, nobody would want fake money you can't spend whose value relies on someone else with excess income.

Gold is a significantly better, safer purchase.

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Re:U.S. stock futures tumble indicating another plummet on W... by HDThoreaun on Monday April 07, 2025 @10:48AM (#43612169)

Or everyone moves to the euro/yuan and BTC is unchanged

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