Based on the above - described empirical study,
during the
period of aggressive downside correction between 16 December 2017 and 13 February 2018, the
volatility of the equally weighted portfolio
of five cryptocurrencies (Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin) was 6 % less compared to an equal amount
invested in Bitcoin, versus a decline in
volatility down to 10 % over the entire
period of analysis.