Coinbase: Oil And Tech Stocks Are As Risky As Crypto ...Middle East

Economy by : (OILPRICE) -
Crypto risk profiles are like those in oil prices and tech stocks, according to crypto exchange Coinbase. “The market expects crypto assets to become more and more intertwined with the rest of the financial system, and thus to be exposed to the same macro-economic forces that move the world economy,” Coinbase Institute Chief Economist Cesare Fracassi said on Tuesday.  “Crypto assets today share similar risk profiles to oil commodity prices and technology stocks.”  He said two-thirds of the recent fall in crypto…

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