Analysts at DB say the crypto has been closely correlated with US equity indexes S&P500 & NASDAQ 100.

DB looking for the indexes to recover (to levels seen in January) by year-end, taking BTC along

DB liken crypto to diamonds and De Beers marketing efforts:

  • “By marketing an idea rather than a product, they built a solid foundation for the $72 billion-a-year diamond industry, which they have dominated for the last eighty years. What’s true for diamonds, is true for many goods and services, including Bitcoins,”


DB info via Bloomberg (gated)

Bitcoin coins