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TagsWhat is the beta of Bitcoin in the stock market?
he_PNGFeb 19, 2022 · 3 years ago1 answersCan you explain what the beta of Bitcoin in the stock market means and how it is calculated? How does the beta of Bitcoin compare to other cryptocurrencies? Is there a significant difference in beta between Bitcoin and altcoins?
1 answers
- 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.Feb 19, 2022 · 3 years ago
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