in 2021 bitcoin and cryptocurrency Increasing adoption of units has brought with it a number of changes.
While this adoption has increased Bitcoin’s correlation with global markets, it has also affected investors’ approach to the market.
Although we see that the correlation with the global markets decreases and increases from time to time, we follow that there is a general harmony and that the markets exhibit similar movements at one point.
This correlation causes crypto investors to be more interested in what is happening on the global side.
Investors who follow the stock markets in the US closely can take positions in crypto according to what is happening there.
3 Risk Warnings from JP Morgan
Today, in his annual letter to shareholders, JP Morgan CEO Jamie Dimon talked about 3 factors that could affect the world over the next few years.
The CEO, who distinguishes these factors as the recovery of the US economy after Kovid-19, the high inflation problem in an environment where interest rates increase, and the humanitarian crisis after Russia’s invasion of Ukraine, said, “All these 3 factors are rare developments. All 3 are very different conditions from what has happened in the past, and the effects of all may increase risks in the future. It is possible for all these events to be resolved without any problems, but we must also be prepared for negative consequences.” said.
“All of this brings with it risks and opportunities for the United States and other democracies.
War and sanctions against Russia will cause a slowdown in the global economy. This may worsen. Because there are uncertainties about how the war will end and how it will affect the supply chain.
Our economists expect the Eurozone, which is highly dependent on Russian gas, to grow by around 2 percent in 2022. Just 6 weeks ago, that rate was 4.5 percent. On the other hand, we reduced the growth forecast of the US economy from 3 percent to 2.5 percent.”
Sharing his views on the FED’s interest rate increase process, the CEO said that the FED and the USA are taking the right steps.
“As the FED tightens its monetary policy, the markets may be volatile. But unless they have implications for the real economy, the Fed need not worry.”