Could Rolex prices come over all Bitcoin?

[LouG]

I imagine there are two kinds of Rolex buyers. There's (A) the buyer who pays with recurring income (let's call this buyer the "Lebron James" example) and (B) the buyer who pays with capital appreciation (let's call this buyer the "I make $50k-$100k per year but I made a fortune on paper in crypto" example).

Buyer (A) isn't going to lose sleep if their crypto or traditional investment account falls in value. They are most likely so well diversified and their recurring income is more than sufficient to cover their living needs, including new car or Rolex purchases.

Meanwhile, buyer (B) is quietly screaming inside as their investment portfolio is down 7%-10% in three weeks, and their crypto wallet is down 23% in the same period. Their job is getting a little more stressful, their health insurance premium just went up and if they have kids, forget it. This buyer may start to ask themselves if they need that second Rolex, or if they need the first one at all, and they may look to get out before their Rolex "investment' starts to take on water.

I certainly wouldn't expect a stock market or crypto correction to adversely affect the AD's business, but I have a hard time believing the grey market won't be adversely affected in some way for some period of time.