What is the correlation between the expected return of S&P 500 in 2022 and the performance of major cryptocurrencies?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, we believe that the expected return of the S&P 500 in 2022 can have some influence on the performance of major cryptocurrencies. However, it's important to note that cryptocurrencies are a separate asset class with their own unique characteristics and drivers. While there may be some correlation between the stock market and cryptocurrencies, it's crucial to consider other factors such as market sentiment, regulatory developments, and technological advancements. As an investor, it's important to diversify your portfolio and consider a range of factors when making investment decisions in cryptocurrencies.
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