Questions tagged [positive.]

Daniela Mon Aug 05 2024 | 7 answers 1342

I'm curious, does the price of Bitcoin exhibit a positive correlation coefficient with other financial assets, such as stocks or gold? In other words, does the value of Bitcoin tend to move in the same direction as these other assets, or does it have a tendency to move inversely? Understanding the correlation dynamics of Bitcoin is crucial for investors looking to diversify their portfolios and manage risk effectively.