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My total wealth portfolio has a beta to #btc. This means that, all things being equal, if bitcoin goes up say 2%, my portfolio goes up {2*beta}%. My bitcoin beta was 0.16 at the beginning of March. It is now "irresponsibly long" at 0.34.
Putting it another way. At the moment if #btc goes from 44500 to 64500 my total wealth rises by 15 percent. Which is around $820,000. #hodl #btfd #upmybeta
What is your beta?
