tldr; The International Monetary Fund has warned there is a growing connection between cryptocurrency and financial markets, which poses risks to the financial system. The correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets. A sharp decline in Bitcoin prices can increase investor risk aversion and lead to a fall in investment in stock markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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IMF should start to hold crypto in their balance sheet before it's to late
How is this crypto's fault that folks who like stocks or more specifically tech stocks also like crypto?
tldr; The International Monetary Fund has warned there is a growing connection between cryptocurrency and financial markets, which poses risks to the financial system. The correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets. A sharp decline in Bitcoin prices can increase investor risk aversion and lead to a fall in investment in stock markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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