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With the stock market showing signs of a correction, you don’t need a bitcoin calculator to start investing in cryptocurrency.

After what looks like a stock market crash in early February, fearful investors are looking for alternative opportunities to make money. And the bitcoin market is where people are looking at.

Although bitcoin prices are lower, there are other opportunities in cryptocurrency such as a strong ripple price.

So if the stock market continues to fall, digital currencies might be seen as a safe haven for some investors.

Getting On The Cryptocurrency Train

Millennials are the one generation that bucks the investing trend. Only about a third of Millennials own stock (compared to half of Gen Xers and Baby Boomers) and they are more likely to consider cryptocurrency as an investment.

“Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market’s rebound and push cryptocurrency prices to all new highs this year,” Thomas Glucksmann, head of APAC business development at cryptocurrency exchange Gatecoin, told CNBC. “There is no reason why we couldn’t see bitcoin pushing $50,000 by December.”

Can you image if Bitcoin reached $50,000 in 2018?

The Correlation

As the Dow Jones Industrial Average and S&P 500 fell during the beginning of February, it turns out that Bitcoin prices also fell as well. And while you don’t need a bitcoin calculator to determine how much you lost, the question looms: are the two slumps related to each other?

It turns out that there is might be a slight correlation between the stock market and crytocurrency.

One previous study examined a daily bitcoin price with the VIX, which is a measurement of stock market volatility. Based on the findings, there was a correlation. When the fear in the markets decreased, bitcoin prices increased. And when the fear in the markets increased, bitcoin prices decreased. Thus, it seems that two might be related.

Bitcoin Prices Decrease

Although the Dow Jones Industrial Average plunged in early February, the Bitcoin market also experienced a drop. At one point, Bitcoin dropped to under $7,000 for the first time since November. And the overall cryptocurrency market cap dropped as well.

Despite this plunge, global stock markets have lost nearly 15 times the entire cryptocurrency market cap in February. That is why investors are still flocking to cryptocurrency, because they see the opportunity.

Then there are some people who view cryptocurrencies as a bubble that might pop and bring down the entire stock market. These experts fear that a bitcoin bubble might diminish overall investor confidence — especially if companies get on the cyrpcorrency bandwagon.

Using A Bitcoin Calculator

As an alternative investment like real estate, it might be wise to allocate into cryptocurrency on a small scale. If you are new to this, you an use a bitcoin calculator to help you.