Analysts from hedge fund Man Group company have released a report that talks about Bitcoin’s growing correlation with both the Nasdaq stock index and the ARK Innovation exchange-traded fund (ETF).
Man Group analysts believe bitcoin has these correlations. more sensitive become He mentioned that it is a risk asset.
“Views From the Floor – Is Crypto Just a Rate Sensitive Risk Asset?” In the report, which was published with the title of the title, analysts stated that rising inflation and the expectation of higher interest rates “erode the theoretical value of long-term cash flows”, resulting in underperformance for both the Nasdaq and the ARK Innovation ETF.
In the report, with Bitcoin’s Nasdaq index 0.44 and with the ARK ETF 0.43 reported to have a correlation ratio.
Man Group Analysts, Bitcoin before 2019 negative correlation in both measurements Underlining that this increasing correlation is the reason why Bitcoin as an asset class in the structure evidence of change Said it could be.
Analysts stating that these simultaneous movements are part of Bitcoin’s journey:
Bitcoin has moved from being an underground tech phenomenon to being the flagship of the cryptocurrency ecosystem, and now a mainstream way for both institutional and real investors to speculate.
made statements.