You're right in that the stock market and the banking system are not the same thing, but I'd argue that they're intrinsically linked.
I move USD from my checking account into my investment accounts in order to buy equities, and I do that more when the Federal Reserve is pumping more liquidity into the market via low interest rates. There are many folks out there using e.g. TSLA as an inflation hedge (which is why it has a P/E > 1000) because they know that USDs will decline in value as liquidity keeps getting pumped.
If we're all using a decentralized currency like Bitcoin with a fixed inflation rate, you're going to see a lot more sanity and price stability in the equities markets.
I move USD from my checking account into my investment accounts in order to buy equities, and I do that more when the Federal Reserve is pumping more liquidity into the market via low interest rates. There are many folks out there using e.g. TSLA as an inflation hedge (which is why it has a P/E > 1000) because they know that USDs will decline in value as liquidity keeps getting pumped.
If we're all using a decentralized currency like Bitcoin with a fixed inflation rate, you're going to see a lot more sanity and price stability in the equities markets.