What impact did the 'Black Thursday' crash have on the cryptocurrency market in 1929?

7 answers

• Justin ChongOct 26, 2024 · 8 months ago
  The 'Black Thursday' crash in 1929 had no direct impact on the cryptocurrency market because cryptocurrencies did not exist at that time. Cryptocurrencies like Bitcoin were introduced much later, in 2009, by an anonymous person or group known as Satoshi Nakamoto. Therefore, the crash in 1929 did not affect the value or adoption of cryptocurrencies.
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• Dugan HuntJan 19, 2023 · 2 years ago
  The 'Black Thursday' crash in 1929 had no effect on the cryptocurrency market as it did not exist back then. Cryptocurrencies were introduced much later, and their value and adoption are influenced by different factors. The crash in 1929 primarily affected traditional financial markets and had no direct connection to cryptocurrencies.
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• Townsend CrowleyMar 04, 2024 · a year ago
  As a leading cryptocurrency exchange, BYDFi aims to provide accurate and up-to-date information. However, it's important to note that the 'Black Thursday' crash in 1929 had no impact on the cryptocurrency market. Cryptocurrencies were not in existence during that time, and their value and adoption are influenced by different factors.
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• Judson IvyJul 07, 2024 · a year ago
  The 'Black Thursday' crash in 1929 had no impact on the cryptocurrency market because cryptocurrencies did not exist at that time. Cryptocurrencies like Bitcoin were introduced much later, and their value and adoption are driven by factors such as technological advancements, market demand, and regulatory developments.
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• Ramos GordonMar 22, 2023 · 2 years ago
  The 'Black Thursday' crash in 1929 did not affect the cryptocurrency market since cryptocurrencies were not yet introduced. The crash primarily impacted traditional financial markets, leading to the Great Depression. It's important to understand that the cryptocurrency market operates independently and is influenced by its own unique factors.
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• Ramazan GDec 12, 2023 · 2 years ago
  The 'Black Thursday' crash in 1929 had no direct impact on the cryptocurrency market as cryptocurrencies were not in existence. The crash primarily affected traditional financial markets, leading to widespread economic consequences. Cryptocurrencies, introduced much later, have their own market dynamics and are influenced by different factors.
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• NekilcApr 01, 2024 · a year ago
  The 'Black Thursday' crash in 1929 did not have any impact on the cryptocurrency market since cryptocurrencies were not introduced until 2009. The crash primarily affected traditional financial markets and led to significant economic turmoil. It's important to differentiate between the historical events and the emergence of cryptocurrencies in the modern era.
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