The crypto community continues to encourage investors to jump into the cryptocurrency market, this action could have unexpected or suspected side effects such as the DowJones market.
Economist Alex Kruger said crypto is a retail phenomenon so far. when institutional doors are open to cryptocurrency, the dynamics can shift. During difficult times, investors might think that Bitcoin and DOW have similarities regardless of the nature of decentralized crypto properties.
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Kruger's statement could surprise people in the crypto environment when he suggested to the crypto market during the economic and crypto crisis that would offer a safer solution. Cryptocurrency must provide profitable diversification and minimize risk,
Capital from institutional is considered as the best solution to difficulties in crypto. maybe there is some truth but, big investors can be a double-edged knife that considers Bitcoin as DowJones in other forms.
Another aspect that concerns investors is the correlation of Bitcoin in the crypto environment. Bitcoin also encourages the performance of altcoin (alternative Bitcoin) both now and in the future.
Civic CEO, Vinney Linghan, is not sure that Crypto's season is over. He suggested the correlation of Bitcoin and DowJones only when Bitcoin was separated from the wider crypto market so that the crypto bull run market would continue.
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The comments above show that DowJones and Bitcoin and altcoin relationships cannot be denied.
Source: CCN
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