CoinVoice has recently learned that Matrixport's latest weekly report shows that the progress of the fifth round of the Bitcoin bull market is highly consistent with its prediction from July 2023. The report predicts that Bitcoin will reach $125,000 by December 2024, and as Bitcoin approaches the $100,000 mark, this prediction becomes increasingly credible. The report recommends that institutional investors allocate both Bitcoin and gold, based on the Black-Litterman asset allocation model, which is expected to achieve a return rate of 15.6% with a Sharpe ratio of 1.6 times.
Research suggests that although Bitcoin has outperformed gold in recent years, both assets possess investment value due to their low correlation and macroeconomic outlook. The report specifically points out that a sell-off in gold after the U.S. elections may represent a good buying opportunity, and it is expected that central banks worldwide will continue to diversify their reserve assets in the coming years, further enhancing the importance of gold in institutional portfolios. [Original link]
