Tag: Bitcoin influence on global investors

[ad_1] The pain spread across cryptocurrencies by the meltdown of FTX is fracturing the link they once had with other risk assets, a sign that Bitcoin’s influence on investors may be diminishing. The pain spread across cryptocurrencies by the meltdown of Sam Bankman-Fried's FTX is fracturing the link they once had with other risk assets, a sign that Bitcoin's influence on global investors may be diminishing.The idea that Bitcoin was a worthwhile part of a diversified portfolio of risk assets is fraying, with massive losses generated by the revelation that even FTX, until recently considered one of the most blue-chip names in crypto, was unsound. That's a far cry from the start of this year, when Bridgewater estimated that 5% of Bitcoin was held by institutional-level investors.  Bitco...