Crypto’s Fate Is Tied to Old School Finance

Published on
May 19th, 2022
Duration
38 minutes


Crypto’s Fate Is Tied to Old School Finance

CRYPTOVERSE ·
Featuring Francis Hunt and Ash Bennington

Published on: May 19th, 2022 • Duration: 38 minutes

There's a narrative in the crypto space that digital assets are uncorrelated to other markets. In fact, the opposite is true. Francis Hunt returns to analyze Bitcoin's price action relative to forex markets, bonds, and U.S. equities. We could see a brief rally, but we're still in a "risk-off environment," says Hunt. "Do not become overly aggressive to the bullish side. People are going to call this bottom one cycle too soon." But it's not all doom and gloom from The Market Sniper. Hunt believes Federal Reserve policy is driving U.S. dollar strength, so he's trading the greenback. He walks Real Vision's Ash Bennington through his forex trades, noting that forex markets have been "the new crypto markets." Recorded on May 17, 2022.