STOCK MARKET AND CRYPTOCURRENCY MARKET RELATIONSHIP

It is very interesting to compare stock market and cryptocurrency market. Usually when stock markets downturn, money managers don't look for more speculative investments. They enter bond market and cash, while the aggressive ones buy the dip. Let's take a look at some of the yearly charts:

DOW JONES INDUSTRIAL AVG INDEX

( or simply the Dow, is a stock market index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market)
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S&P 500 INDEX

( The Standard & Poor's 500, often abbreviated as the S&P 500, or just the S&P, is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.)
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BITCOIN PRICE CHART

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TOTAL CRYPTOCURRENCY MARKET CAPITALIZATION

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This charts definitely look in direct correlation. However, if in the future stock markets continue to falter, money managers at some point might look elsewhere to achieve good performance, especially with all the hype surrounding cryptocurrencies.

I would be very interested in more opinions about cryptocurrency market destiny, if traditional markets continue to cool down. Do you think money managers can go out of traditional ways and perceive highly speculative markets such as cryptos as a solution? Can Bitcoin hodl its value if that happens? What do you think...