BTC and Nasdaq are roughly in-line with each other, beta-adjusted, since the start of the year
(BTC moves ~2x as much in general)
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I could be wrong, but think this might not be the correct approach… Taking the ratio of average move magnitudes doesn’t account for correlation.
Correlation is about 50%. So beta-adjusted BTC should only be down about 1X nasdaq, not 2X
5
15
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ah sorry I was being pretty lazy -- I think beta from NQA --> BTC is around 2 or so; ratio of volatilities at the start of the year was closer to 60%, and NQA was around 15%.
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