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%

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:<a href="https://www.bloomberg.com/news/articles/2021-05-19/bitcoin-rally-was-so-huge-it-was-worth-the-risk-adjusted-twists">Bitcoin Rally Was So Huge It Was Worth the Risk-Adjusted Twists</a><a href="https://www.bloomberg.com/news/articles/2021-05-19/-hope-trade-rattled-in-very-rough-day-for-markets-frothy-edge">Markets’ Frothy Edge Rattled in Rough Day for Bets on Innovation</a><a href="https://www.bloomberg.com/news/articles/2021-05-19/bitcoin-erases-all-gains-since-elon-musk-s-initial-big-embrace">Bitcoin Whipsaws Investors With Same-Day Plunge, Rally of 30%</a>

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.

Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets.

What Goes Up

Crypto Contagion

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/17e6bc6c-628f-4a0f-8532-ae3c002adcfc/transcript

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