How to Calculate Correlation With Google Sheets

In this post, we will learn how to generate a correlation coefficient using Google sheets with crypto as an example. Although correlation doesn't imply causation, it can be a good first step for conducting analysis and asking questions such as "Does Bitcoin price increase with inflation" or "Do altcoins pump when BTC pumps?" Although we are using crypto prices in this video, that is solely for demonstration purposes and should not be indicative of any potential for future performance.