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Citigroup: In the long run, the correlation between crypto market and stock market will weaken
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2 hours ago 2,010
Golden Finance reported that on February 5th, according to CoinDesk, Wall Street bank Citi said in its latest research report that as digital asset adoption grows, the correlation between Bitcoin and the stock market is expected to weaken in the long run. Citi pointed out that although the stock market is still the main macro driver of the crypto market, the correlation between the stock market and crypto assets will gradually decline as the crypto asset market matures, the investor base expands, technological progress and adoption increase. In addition, further clarification of US crypto regulation may lead to more non-macro-factor-driven market volatility. The report also mentioned that the volatility of Bitcoin is expected to continue to decline with the growth of institution Adoption. At the same time, the correlation between Bitcoin and gold is worthy of attention and may be an early signal of its "store of value" attribute.
Keywords: Bitcoin
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