First Mover Americas: Bitcoin Bounces Back From 'Hurricane' Though Miners Are Selling
— Line, Bonds, Decreasing across, Bitcoin, Violent downturn, Institutions, Hurricane, Turn around, Miners — 1 min read
As crypto gains more mainstream adoption, more institutions are allocating percentage of their portfolios of crypto, which means in a down move when they're looking for things to sell, crypto is going to be in the line of fire just like everything else. As the market starts to turn around, I think we're going to see more growth, idiosyncratic moves between crypto and the traditional equity markets. In a sort of violent downturn, all correlations go to one, everything is going down. And so right now, as prices are decreasing across the board, of course, there's going to have high correlation between these assets, as the market turns around, and I think there will be more growth and idiosyncratic crypto moves between these markets as well. Source