How is bitcoin USD beta calculated?
Could you please elaborate on the methodology used to calculate the Bitcoin USD beta? As an investor, I'm particularly interested in understanding the factors that influence its determination. Is it based on historical price movements, correlations with other assets, or a combination of various metrics? Additionally, how often is this beta value recalculated, and what are the implications for investors who rely on this metric in their portfolio allocation decisions? A detailed explanation would greatly enhance my understanding of this critical financial indicator.