How did the 87 crash impact the value of digital currencies?

3 answers

• Michał GomółkaDec 31, 2023 · 2 years ago
  The stock market crash in 1987, also known as Black Monday, had a limited impact on digital currencies as they were not widely recognized or traded at that time. Digital currencies, such as Bitcoin, did not exist yet. Therefore, there was no direct correlation between the crash and the value of digital currencies.
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• rooooooeJan 27, 2022 · 4 years ago
  Back in 1987, digital currencies were still in their infancy, and the stock market crash did not have any significant impact on their value. It's important to note that digital currencies like Bitcoin were not even created until more than a decade later. So, the crash mainly affected traditional financial markets and had little to no effect on digital currencies.
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• priestly-daniel akpanMar 04, 2021 · 5 years ago
  The 1987 stock market crash did not directly impact the value of digital currencies because they did not exist at that time. However, it is worth mentioning that digital currencies like Bitcoin were created as a response to the flaws and vulnerabilities exposed by traditional financial systems during events like the 1987 crash. Therefore, in a way, the crash indirectly influenced the development and adoption of digital currencies in the future.
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