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Citi: In the long run, the correlation between the crypto market and the stock market will weaken "

Internet reported that on February 5, according to CoinDesk, Wall Street bank Citi said in its latest research report that with the growth of digital asset adoption, the correlation between Bitcoin and the stock market is expected to weaken in the long run. Citi pointed out that although the stock market is still the main macro driver of the crypto market, the correlation between the stock market and crypto assets will gradually decline as the crypto asset market matures, the investor base expands, technological advancement and adoption improves. In addition, further clarification of crypto regulation in the United States may bring more market fluctuations driven by non-macro factors. The report also mentioned that Bitcoin's volatility is expected to continue to decline as institutional adoption grows. At the same time, the correlation between Bitcoin and gold deserves attention and may be an early signal of its "store of value" attribute.

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