An Old Statistical Trick Might Help Better Explain the Apparent Correlation Between Bitcoin and Gold

Written by jrodthoughts | Published 2019/08/18
Tech Story Tags: bitcoin | blockchain | data-science | machine-learning | deep-learning | bitcoin-spotlight | latest-tech-stories | hackernoon-top-story

TLDR The relationship between Bitcoin and Gold is one of the dynamics that seems to constantly capture the minds of the public. In the case of Bitcoin, the apparent correlation between the two is often ignored. The idea of finding correlations between two asset classes is only interesting if you can use one to explain the behavior of the other. A recent study found a correlation between walking and the death rate was two times higher among men who walked less than a mile a day than those who walked more than two miles a day.via the TL;DR App

no story

Written by jrodthoughts | Chief Scientist, Managing Partner at Invector Labs. CTO at IntoTheBlock. Angel Investor, Writer, Boa
Published by HackerNoon on 2019/08/18