In the cryptocurrency industry, assets are related to bitcoin prices and it is not possible to effectively diversify the portfolio. Encrypted trader @CanteringClark said that the price of Bitcoin and Ark has a very high Beta. Beta is a measure of relevance. A beta of 1.0 means that the assets are completely relevant and therefore the trend is the same. A beta above 1.0 means that the asset's volatility is greater than the market (in this case, Bitcoin). In addition, he suggests that diversification does not work in the cryptocurrency industry.