Ask HN: How would a stock-market crash affect the bitcoin exchange rate?

1 pointsandy11212y ago3 comments

In the 2008 crash, the S&P 500 dropped >50% of its value over roughly a year[1]. If that were to happen again today, how would the price of bitcoin in USD be affected?

[1] http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1384894800000&chddm=983756&chls=IntervalBasedLine&q=INDEXSP:.INX&ntsp=0&ei=45mLUtD2MeSpsge-0gE

3 comments

wmf12y ago

Bitcoin would probably gain value because people see it as "digital gold".

andy112OP12y ago

Is that the only significant force that would act on it, though?

dragonwriter12y ago

Probably depends on why the stock market crashes.

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