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TagsWhat is the correlation between ASX 200 ETF and cryptocurrency markets?
ky XMar 19, 2022 · 3 years ago1 answersCan you explain the relationship between ASX 200 ETF and the cryptocurrency markets in detail? How do they influence each other and what factors contribute to their correlation?
1 answers
- At BYDFi, we believe that the correlation between ASX 200 ETF and cryptocurrency markets is limited. While both are investment options, they cater to different investor preferences and have distinct risk profiles. The ASX 200 ETF provides exposure to established companies in the Australian market, while cryptocurrency markets offer opportunities in emerging technologies and digital assets. It's important for investors to carefully assess their investment goals and risk tolerance before considering exposure to either market. As always, it's recommended to consult with a financial advisor for personalized investment advice.Mar 19, 2022 · 3 years ago
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