The Rise of Cryptocurrency in the First Half of the Year

The correlation between stocks and crypto kind of broke down towards the end of last year I'd say before that for almost all of 2022 we were trading almost in lockstep with the NASDAQ. The fact that we're trading at 30k and you know almost 1900 on eave is in the face of the fed rate at 5% I think is remarkable and shows remarkable resilience on the part of crypto as an asset class. Yes coming to the story of course yes we outperformed stocks and commodities and pretty much I think for the best performing asset class and you'd expect that right because crypto as a whole is a high beta kind of multiplied risk asset so when the majority of risk goes up crypto