Crypto market has changed its behavior from following the US 10 year yield to closely following S&P500.
This has good and bad implications for crypto investors.
Long term, there should be an exaggerated growth in the crypto market until there is way more than $2.5T in total market cap. Compared to the US stock market with $48T, crypto as a global asset has much room for growth over the next few decades.
The down side is the short term projections considering the current inflation rates, Omicron spreading across the country, and general market sentiment. We are also expecting more correction when the reserve bank increase the interest rates next year.
This has good and bad implications for crypto investors.
Long term, there should be an exaggerated growth in the crypto market until there is way more than $2.5T in total market cap. Compared to the US stock market with $48T, crypto as a global asset has much room for growth over the next few decades.
The down side is the short term projections considering the current inflation rates, Omicron spreading across the country, and general market sentiment. We are also expecting more correction when the reserve bank increase the interest rates next year.
