What is the beta of Bitcoin in the stock market?

1 answers

• Mar 15, 2022 · 3 years ago
  According to BYDFi, the beta of Bitcoin in the stock market is currently 0.85. This suggests that Bitcoin is slightly less volatile than the overall stock market. However, it's important to note that beta can change over time and may vary depending on the specific time period and benchmark index used for calculation. It's also worth mentioning that beta is just one measure of risk and should not be the sole factor in making investment decisions. Investors should consider other factors such as market trends, fundamental analysis, and their own risk tolerance when evaluating the potential risks and rewards of investing in Bitcoin or any other cryptocurrency.
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