Over the past two years, bitcoin has established a fairly tight correlation with stocks. Some have claimed it to be a downside. After all, cryptocurrencies are supposed to be their own ecosystem, uncorrelated with other assets. Is this a feature or a bug?
What’s the difference between a risk-on asset and a safe haven? Volatility? Turns out that’s a bit of a myth, which we explore today in the context of crypto’s growing role as a safe haven asset class…
Well, we’ve officially moved beyond the point where not even a flash crash in the world’s top cryptocurrency sets off the prophecies of an imminent Cryptpocalypse. Bitcoin saw a sharp overnight plunge and a rapid recovery. While long-term investors mostly slept through it, it seems like over-leveraged latecomers got wiped out…
