Citigroup: Cryptocurrency Asset Correlation with Stock Market to Weaken Long Term, Regulatory Clarity to Drive More Independent Movement

BlockBeats News, February 5th, according to CoinDesk's report, Citibank's latest research report pointed out that as the cryptocurrency market matures, the investor base expands, and technology advances, its correlation with the stock market will gradually decrease. The report shows that by 2024, cryptocurrency is the only asset class with a growing market capitalization share of the US stock market.

Analyst Alex Saunders stated that an increasingly transparent US regulatory framework will encourage cryptocurrency to form more independent trends. At the same time, with the increasing participation of institutional investors, Bitcoin's volatility is expected to decrease in the long term. Citibank also suggested paying attention to the correlation between Bitcoin and gold, believing that this may signal the development of its store of value property.