The Impact of The Merge on Institutions

For a long time, investors saw cryptocurrencies as a hedge against inflation.As a result, crypto became a part of an asset class known as alternatives,which includes wines, art,and precious metals,among other things. However, the argument that crypto is not correlated to traditional markets has weakened over time. As we have seen in the current bear market,crypto valuations have more or less tracked the direction of the overall global securities markets.We can speculate on the reasons for this correlation:from the ones grounded in economics (crypto markets have matured as more retail and institutional investors have poured in money over the last couple of years) to the more generic ones (it was a mere coincidence that crypto was an inflation hedge earlier).