Bitcoin $100,000

[woody1]

I think when the wider market crashes bitcoin will crash hard too.

This. It has a history of suffering ~80% drawdowns. If the wider market tanks, it could be especially brutal.

[willendure]

This. It has a history of suffering ~80% drawdowns. If the wider market tanks, it could be especially brutal.

The mini crash in April took it down about 15% which was around the same as the S&P 500. Suggests that bitcoin will not be immune to stock market crashes, and I think likely to be worse in a major crash as generally considered a high risk asset.

On the other hand it could be a great buying opportunity in the longer term, as the next big crash is going to see $$ printing like nothing we have ever seen before.