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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