The Financialization of Bitcoin Will Drive Its Undoing
Bitcoin’s near-30% slump from its peak is raising the alarm for investors, already nervous about lofty valuations in US equities. While the financialization of the crypto market is increasing its...
By Edward Harrison · Bloomberg
Bitcoin’s near-30% slump from its peak is raising the alarm for investors, already nervous about lofty valuations in US equities. While the financialization of the crypto market is increasing its correlation with other assets, it isn't integrated enough into the financial system yet to cause a systemic risk.