One of the biggest Bitcoin narratives is that it is an asset that is largely uncorrelated with the rest of global markets. The narrative has gained so much steam that it was a topic in $2 trillion asset manager Fidelity Investments’ recent survey on institutional investment in the cryptocurrency space. The firm found that around 30% of those surveyed are interested in cryptocurrency because it is “uncorrelated.” Yet with the recent downturn in global markets, […]
