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For years, cryptocurrencies were considered fringe investments on Wall Street, but this week a massive intraday plunge in Bitcoin corresponded with a big drop in the stock market. Has crypto contagion arrived in the financial system? Art Hogan, chief strategist at National Securities, discusses this, and reminisces about the crash of 1987 when he found himself knee-deep in ticker tape at the old Boston Stock Exchange. Mentioned in this podcast: Bitcoin Rally Was So Huge It Was Worth the Risk-Adjusted Twists Markets’ Frothy Edge Rattled in Rough Day for Bets on Innovation Bitcoin Whipsaws Investors With Same-Day Plunge, Rally of 30% See omnystudio.com/listener for privacy information. |
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