Grayscale says crypto opportunities beyond Bitcoin are increasing.
The firm's November 12 analysis says the expansion of the crypto market has led sectors to diverge in their business models, adoption levels, and token economics. Bitcoin's correlation with other assets has declined, making individual coin selection more important. It also notes that overall market risk remains.
· The analysis links declining correlations to “individual coin selection becoming more important,” but provides no specific correlation coefficients or list of assets covered.
Would you look first at correlation data between sectors, or at differences in token economics across sectors?
The firm's November 12 analysis says the expansion of the crypto market has led sectors to diverge in their business models, adoption levels, and token economics. Bitcoin's correlation with other assets has declined, making individual coin selection more important. It also notes that overall market risk remains.
· The analysis links declining correlations to “individual coin selection becoming more important,” but provides no specific correlation coefficients or list of assets covered.
Would you look first at correlation data between sectors, or at differences in token economics across sectors?
