What Happens If Bitcoin (/BTC) Crashes To $0?

Published: Aug. 31, 2021, 3:10 p.m.

b'Roberto Perli discusses the correlation seen between stocks and Bitcoin, analyzing the total return connectedness and the global stock market dynamic beta to Bitcoin. He also looks at the hypothetical scenario if Bitcoin were to crash to $0, noting that global wealth would then drop by a modest $1.23T. Spillovers now go to Bitcoin shares, and not the other way around.'