Is Crypto Converging With Public Markets?

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Today on the Brief:
Initial jobless claims rise to highest level since August
BTC as a DeFi reserve asset
Twitter reactions as Filecoin goes live

Our main discussion focuses on the convergence of the crypto and public markets. NLW looks at:
Narratives of bitcoin’s correlations to stocks
Growing overlap of retail and institutional traders
SPACs and public crypto companies
Bitcoin treasuries
Geopolitical intrigue around ANT Financial

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Comments

Vex1968 says:

With crypto currencies getting building bullish move each passing day, the next few years is definitely going to be filled with regret for a lot of folks. Crypto is here to stay and the recent surge in prices is merely the beginning of greater things to come, crypto offers a lot of financial opportunities either via holding or trading, from experience though I'd easily pick trading over the lot, with the right experience and good signal one could earn big via trading, I won't really consider myself an expert, but I've been coping the signals provided by trading expert Sebastian Bryant, which I've have employed trading under his guide, i have been able to grow my portfolio to 12 btc less than two months, for cypto related concerns Bryant may be contacted on Watspp +447782861037 and telgram sebastianbryan .

Digital Money says:

Tbh, seeing a lot of Americans think they influence the market moves in BTC is almost hilarious. I know it's a case of non-malicious naivete but everyone has to realise: 1) Largest exchanges & BTC wallets are Chinese 2) All key market mover mining firms are Chinese 3) In number, likely more Asians (Korea/JP/China) trade BTC than anyone else.
If anything, BTC tends to move inverse to dollar strength, just like other risk-on asset indices like NSDQ & S&P. That's about the correlation you'll ever get.

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