Citigroup: The correlation between crypto assets and the stock market will weaken in the long term, and clearer regulations will lead to more independent trends

ChainCatcher news, according to a report by CoinDesk, Citibank's latest research report points out that as the cryptocurrency market matures, the investor base expands, and technology advances, its correlation with the stock market will gradually decrease. The report shows that in 2024, cryptocurrency will be the only asset class whose market capitalization as a proportion of U.S. stocks continues to grow.

Analyst Alex Saunders stated that the increasingly transparent U.S. regulatory framework will encourage cryptocurrencies to form more independent trends, and as institutional investor participation increases, Bitcoin's volatility is expected to decline in the long term. Citibank also suggested paying attention to the correlation between Bitcoin and gold, believing that this may indicate the development of its store of value properties.