Everyone's Trying To Get Their Money Out

Comments

• FiniteBanjo@feddit.online ⁨18⁩ ⁨hours⁩ ago

  I will believe it when Crypto skyrockets and $VYM plunges, until then nobody is “getting their money out of private credit”.

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  • just_another_person@lemmy.world ⁨17⁩ ⁨hours⁩ ago

    I mean…it’s already happening and provable, so…

    What does crypto have anything to do with it? 🤣

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    • FiniteBanjo@feddit.online ⁨17⁩ ⁨hours⁩ ago

      $VYM has never risen this much in such a short timeframe, it maintained value in the 2008 financial crash and then last year it gained almost 50% in 6 months. BTC has dropped from 0ver 110K to 70k USD.

      People are realocating their funds to “safe” investments. If people wanted to flee from the stock markets they would reinvest in something foreign or decentralized, which is what crypto has to do with it, but instead that is the opposite of what is happening. If anything, the stock market’s total value is unusually high given recent turmoil.

      Perhaps your confusion has to do with what Private Equity has to do with markets and evaluations? In which case, I don’t have enough time to help you.

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