What is bitcoin beta & how is It measured?
Could you elaborate on the concept of "bitcoin beta" and explain how it is typically measured within the cryptocurrency and financial industries? I'm particularly interested in understanding how this metric differs from traditional beta measurements in the stock market, and how it might inform investors' decisions when assessing the potential risk and return of bitcoin investments. Are there any specific tools or methodologies that practitioners tend to utilize in calculating and analyzing bitcoin beta? Thank you for your insights into this fascinating and evolving field.