On August 15, cryptocurrency analyst Joseph Young said on Twitter that "the US stock market plummeted overnight (the Dow Jones index fell 3% a day). There is clearly no correlation between bitcoin and global stock markets (currently). But it is still worth considering the theory that Cathie Wood put forward in December 2018. Note: Cathie Wood proposed in December 2018 that the impact of global macroeconomic panic on Bitcoin may be greater than people realize. In this panic, people sell their most experimental assets, such as bitcoin and other cryptographic assets.