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A few years ago I told a high finance guy I know that I look at the US stock market as one basket of assets and I see bitcoin as a seperate market. He thought I was insane because he spends all day picking stocks and managing risk between them. Forest through the trees moment.
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He is part of the system that equalizes his market to eliminate arbitrage between stocks. Naturally he won't see it that way. The DJI/S&P pretty much encapsulate the entire thing.
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