You say crypto has low correlation. Why?
Replied byDan Moorehead
Founder & CEO at Pantera Capital
Niche: Technology, Finance, Cryptocurrency
Revenue: $1M+/month
Location: USA
Started: 2015 or earlier
Smart money does not own it. Most institutions have 0.0 risk in crypto. When they cut risk across the board they have no crypto to sell. Over long periods correlation stays low. Short term shocks can move everything together.
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