Big tech stocks are swinging 10-25%, while Bitcoin fell just 4-5% despite a $6B Binance hack. Yet it's the volatile asset? "It was a very, very, very bad day in tech. A lot of…
Original source excerpt
Big tech stocks are swinging 10-25%, while Bitcoin fell just 4-5% despite a $6B Binance hack. Yet it's the volatile asset? "It was a very, very, very bad day in tech. A lot of people have been lookin…
Big tech stocks are swinging 10-25%, while Bitcoin fell just 4-5% despite a $6B Binance hack. Yet it's the volatile asset? "It was a very, very, very bad day in tech. A lot of people have been looking at stocks and saying, how can the stock market be this overvalued when you look at it from any metric? Well, earnings didn't go too good." "Alphabet fell 12.6% Thursday. Its worst day ever. They reported negative 9.07 billion in quarterly free cash flow. Intel, 25% in like an hour." "They tell us that Bitcoin is too volatile. The biggest stocks in the world, 10%, 15%, 25%." "Considering that Binance was hacked, the world's largest exchange, for over $6 billion, and we have a massive tech selloff, Bitcoin being down 4% or 5% at any given moment in this story, pretty good. Really not that bad."
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