ABHIJEET SHAHDec 29, 2021 · 3 years ago8 answers How did the 2008 General Motors stock price affect the value of digital currencies?
In 2008, the General Motors (GM) stock price experienced a significant decline due to the financial crisis. How did this event impact the value of digital currencies, such as Bitcoin and Ethereum? Did investors flock to digital currencies as a safe haven during the economic downturn, or did the decline in the stock market negatively affect the perception and adoption of digital currencies? How did the 2008 GM stock price crash influence the overall sentiment and market dynamics of digital currencies?