Score supplier S&P International has examined the connection between crypto property and the macro financial system in a brand new report. Its conclusion is a agency “possibly” and the main points are complicated, principally as a consequence of “idiosyncratic occasions” such because the crypto winter, geography, and the quick historical past of the business.

Crypto property have completely different worth proposition to conventional property and completely different efficiency drivers, says S&P report famous in its introductory paragraphs, however the interdependence of the crypto ecosystem and macroeconomics is inescapable. S&P analysts in contrast the S&P Cryptocurrency Broad Digital Market Index (BDMI) with different monetary indicators to evaluate the extent of this interconnectedness in 5 areas.

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