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Cryptocurrency News

Risk profile of crypto markets similar to oil and tech

07/06/2022

Less than a minute

2022.07.06 17:06

Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according to analysis from Coinbase’s chief economist.

The observation comes from a blog post from Coinbase (NASDAQ:COIN) chief economist Cesare Fracassi on July 6, noting that the “correlation between the stock and crypto-asset prices has risen significantly” since the 2020 pandemic.