Increasingly it’s becoming clear: if you own one cryptocurrency, you own them all. One of the issues not talked about enough in crypto is inability to truly diversify cryptocurrencies simple because cross-asset correlations are extremely high. When Bitcoin’s price is falling, generally the price of the majority of other cryptocurrencies will fall as well. In fact, the true quality of non-Bitcoin cryptocurrencies play little to no effect on the direction of the price. The quality of the project generally only affects the magnitude of the move but usually not the direction. If permissionless finance wants to progress, ... (full story)