Risks and Returns of Cryptocurrency
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https://www.nber.org/papers/w24877
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We establish that the risk-return tradeoff of cryptocurrencies (Bitcoin, Ripple, and Ethereum) is distinct from those of stocks, currencies, and precious metals. Cryptocurrencies have no exposure to most common stock market and macroeconomic factors. They also have no exposure to the returns of
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美国国家经济研究局创建时间：
2018-08-01
