It can be seen from Fig 6 that coherence in the short run is erratic throughout the time interval analysed, and that there is little appreciable difference between the bubble and non-bubble regimes. However in the medium term (8–16 and 16–32 days), coherence generally peaks around areas where bubbles have been identified in the price series. The longer term relationship, though, is less dependent on whether the price is in a bubble phase.
While this is a critical security feature that reduces theft and unauthorized use, it’s also draconian. Losing your private key is the digital asset equivalent of throwing a wad of cash into a trash incinerator.

“Every single day, the concept that it could be worth something, it could be a store of value is being continually approved by more large, powerful entities,” Johnson says, pointing to established financial institutions holding digital currencies and large corporations adding them to their corporate balance sheets. “The idea that it’s actually worth something is continuing to grow as adoption and acceptance continues to grow as well.”
As we don’t know exactly how to classify them, it’s difficult to attribute a direct causality to a specific factor and a crypto’s rise or dive in value.