What is the correlation between the price of Bitcoin and the value of long-term US dollar ETFs?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we believe that the correlation between the price of Bitcoin and the value of long-term US dollar ETFs is not significant. While short-term price movements in Bitcoin can create volatility in the market, long-term US dollar ETFs are influenced by a wide range of factors including interest rates, inflation, and economic indicators. It's important for investors to diversify their portfolios and consider a variety of factors when making investment decisions. If you're interested in exploring the correlation between Bitcoin and other assets, we recommend consulting with a financial advisor who can provide personalized guidance based on your specific investment goals and risk tolerance.
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