FTX US Chief Brett Harrison Says Crypto Markets’ Correlation With Stocks Not What Traders Think – Here’s Why

FTX US Chief Brett Harrison Says Crypto Markets’ Correlation With Stocks Not What Traders Think – Here’s Why


Brett Harrison, CEO of crypto exchange FTX US is giving his take on why digital asset markets seem to be closely correlated with US stock indices.

In a lengthy thread, Harrison addresses a common criticism of crypto not being a good inflation hedge or a portfolio diversifier since it strongly correlates with the stock market.

“Every interview I’ve watched (or done) recently includes questions about apparent correlations between stocks and crypto, usually amid discussion of whether crypto is (1) a good inflation hedge, (2) a portfolio diversifier, (3) an independent store of value.”

Trending: FOX NEWS Host Jesse Watters Asks: Was Someone Else In Paul Pelosi’s Vehicle When It Crashed? [VIDEO]

Harrison says the reason for the correlation is that the same big players who are operating in equities markets are also involved in crypto, making the asset classes move in tandem.

“I

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend