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Why Coinbase Is Incredibly Mispriced | Matt Hougan, Ryan Rasmussen

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The Decoupling of Crypto and ETFs

Traditionally, what drives the performance and the returns of crypto assets is a lot different than what drives the returns of equities. And so up until 2020, I think we saw low correlations, maybe even uncorrelated at that point in time. But you know, it's become a bit like normalized in the velocity of interest rate changes and monetary policy changes has really slowed. So as that velocity kind of slows down and people get more normalized to the yet to new normal, it made sense that we would see a decoupling ofCrypto from traditional markets.

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