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What's Driving Bitcoin? Factor Analysis Profiles, Part I

What's Driving Bitcoin? Factor Analysis Profiles, Part I


Seeking Alpha
2021-12-22 14:10:00

There are many theories, ranging from a digital-age store of value to the world’s greatest Ponzi scheme.Narratives are interesting, and perhaps useful, but can we quantify bitcoin’s risk betas with specificity?We give it a try by running a series of factor regressions using several sets of economic and markets indicators.


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