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What is the correlation between commodity roll yield and cryptocurrency prices?

avatarJames Gascoigne-BurnsDec 27, 2021 · 3 years ago1 answers

Can you explain the relationship between commodity roll yield and cryptocurrency prices? How does the roll yield of commodities affect the prices of cryptocurrencies?

What is the correlation between commodity roll yield and cryptocurrency prices?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As a representative from BYDFi, I can say that there is limited research on the correlation between commodity roll yield and cryptocurrency prices. Commodity roll yield is a concept specific to commodities futures contracts, while cryptocurrency prices are driven by various factors unique to the crypto market. While there may be some indirect connections between the two, it is important to consider other more influential factors when analyzing cryptocurrency price movements. It is always advisable to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.