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DEUTSCHE BANK: Correlation between bitcoin and Wall Street’s ‘Fear Index’ is increasing ‘dramatically’

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 24, 2016.

  • Cryptocurrencies are increasingly correlated with the CBOE Volatility Index, better known as Wall Street’s “Fear Index.”
  • That’s according to a note from global financial strategist Masao Muraki and his team at Deutsche Bank.
  • The correlation relates to the fact that a low volatility environment encourages investors to move into riskier assets, like cryptocurrencies, to achieve decent returns on their investments.

LONDON – There’s a growing relationship between the price of bitcoin and the VIX, the volatility index colloquially known as Wall Street’s “Fear Index,” according to analysts at Deutsche Bank.

Writing in a note circulated to clients on Friday, Deutsche Bank global financial strategist read more >>>

Source:: BusinessInsider.Com