I see sectors developing in much the same way that you mention, and as direct gateways develop, that too will help Alts gain independence. It's still very much one big, very interrelated and highly correlated market though, and likely to stay that way for some time. There was a time when there was an inverse correlation that I was expecting to come back someday, but now I'm thinking that's getting less and less likely. Probably more of the same, and a slow process of independence.