Odaily News Citi said in its latest research report that as digital asset adoption grows, the correlation between Bitcoin and the stock market is expected to weaken in the long term. Citi pointed out that although the stock market remains the main macro driver of the crypto market, the correlation between the stock market and crypto assets will gradually decline as the crypto asset market matures, the investor base expands, and technological advances and adoption rates increase. In addition, further clarification of US crypto regulation may bring more market volatility driven by non-macro factors. The report also mentioned that Bitcoin's volatility is expected to continue to decline as institutional adoption grows. At the same time, Bitcoin's correlation with gold is worth paying attention to, which may be an early signal of its "value storage" attribute.
