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Beware: Bitcoin Might Blindly Chase the Dow into the Next Financial Crisis

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Be careful what you wish for. The crypto community continues to beg big investors to get on board with bitcoin, but there could be some unintended – and alarming – side effects. Most notably, bitcoin could be destined to hitch its wagon to the fate of the Dow Jones Industrial Average. While cryptocurrencies should be a respite from the stock market, their mettle has yet to be tested in the flames of an economic downturn. Plus, as widely cited economist Alex Kruger points out, crypto has thus far only been a retail phenomenon. Once the institutional doors swing open to

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