it's funny you think crypto is a hedge when it is highly correlated with sp500. ... | Hacker News

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_qfi9 on May 1, 2021 | parent | context | favorite | on: Stock Market Returns Are Anything but Average

it's funny you think crypto is a hedge when it is highly correlated with sp500. doesn't bitcoin have a beta of like 2 or something?

If anything I would view it as a leveraged bet on the broader market.

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