Home Bitcoin News BitCoin Forex Morgan Stanley on Bitcoin and the excessive correlation with fairness indexes – ForexLive

Morgan Stanley on Bitcoin and the excessive correlation with fairness indexes – ForexLive

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Morgan Stanley on BTC and equities,

  • Retail traders are now not the dominant crypto dealer.
  • The elevated involvement of establishments, that are delicate to the supply of capital and subsequently rates of interest, has contributed partly to the excessive correlation between bitcoin and equities.
  • The correlation between bitcoin and fairness indices has remained excessive and can proceed to take action until bitcoin turns into extensively used as a medium of fee – which seems to be unlikely to occur quickly.

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