Author: Désirée Müller

Désirée Müller worked as a portfolio manager for equity funds at Credit Suisse and GAM before founding two companies in the crypto sector with her business partner Reto Stiffler: SwissRex AG focuses on crypto research and Crypto Consulting AG distributes an actively managed crypto fund.

In times of crisis, investors tend to flee to the safe haven of “cash”. This behaviour affects most other asset classes. Crypto also experienced a fall in prices during the Corona crisis. In the medium term, however, the high independent component of crypto leads to a low correlation with traditional asset classes. Alpha and beta are two important measures in portfolio theory which can also be applied to crypto. Alpha measures the project-specific return and Beta the market-dependent return. Crypto shows a high Beta in the short term. However, due to the high Alpha, there is hardly any correlation to…

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