To bet on crypto, Bitcoin etc is actually to bet for the demise of fiat currency. Thus when the traditional stock market is tanking, it is a very good sign for cryptocurrency.
![orange bitcoin tilt camera ERIC KIM](https://i0.wp.com/erickimphotography.com/blog/wp-content/uploads/2020/08/bitcoin-camera-money-ERIC-kim-orange-.jpg?fit=1383%2C952&ssl=1)
To bet on crypto, Bitcoin etc is actually to bet for the demise of fiat currency. Thus when the traditional stock market is tanking, it is a very good sign for cryptocurrency.