As highlighted a few days ago in this article: Altcoins will rocket when bitcoin is strong. A host of altcoins have exploded since I wrote this January 8. As someone that eats my own dog food, you can imagine I’m quite happy. {image} This event has left lots of people flummoxed, but the answer to why this can happen is “beta.” Beta is a measure of volatility. The more beta there is, the more volatile the price of an instrument will be. Back in the day beta used to be an investment thesis. To get an outperformance on your portfolio you bought “high beta” stocks because they had more ping in them in the market than low ... (full story)