Is There a Correlation Between The Dow Jones & Cryptocurrency?

After a rather first-class bull run The Dow Jones Industrial Average has had a difficult couple of weeks. Cryptocurrency is also experiencing a correction. Could there be a correlation between the 2 investment worlds?

We need to be cautious using vague phrases like "bull and bear markets" while crossing over into every funding space. The major reason for that is that cryptocurrency over the path of its top notch 2017 "bull run" noticed profits of well over 10x. If you positioned $1,000 into Bitcoin at the beginning of 2017 you would have made properly over $10,000 by way of the quit of the year. Traditional stock investing has in no way skilled some thing like that. In 2017 the Dow multiplied about 23%.

I'm truely cautious when reviewing facts and charts because I realize that you could make the numbers say what you need them to mention. Just as  Blockchain Compliance" crypto saw sizeable gains in 2017, 2018 has visible an equally short correction. The factor I'm trying to make is that we need to try to be goal in our comparisons.

Many which are new to the cryptocurrency camp are taken aback on the latest crash. All they've heard was how some of these early adopters had been getting wealthy and buying Lambos. To greater experienced investors, this market correction was quite apparent due to the skyrocketing fees during the last  months. Many virtual currencies these days made many parents overnight millionaires. It become obvious that subsequently they might need to take a number of that earnings off the table.

Another issue I assume we actually need to consider is the latest addition of Bitcoin futures buying and selling. I personally trust that there are primary forces at work right here led via the old protect that want to see crypto fail. I additionally see futures trading and the pleasure round crypto ETFs as wonderful steps towards making crypto mainstream and considered a "real" investment.