Imagine, if we look deep into the psychology..
There will be few driving forces in every of us and in the groups. One of them which pushes us to participate in markets (be it crypto or classic ones) is the “greed”. I don’t mean it in any bad sense. Simply as the internal desire or drive.
Now if we see into the dynamics of the crypto market.. Doesn’t it have much more “drive” ? Wouldn’t it mean that the “greed” of the usual market participants will naturally flow into the crypto markets too?
The dynamic of the global GDP is much less than the dynamic of the crypto market. So I wouldn’t connect both of them directly.
But the disappointment and unfulfilled desires of the those from the classic global markets.. It is already visible in the crypto and will eventually lead to the ultimate madness of the wide crowd.