Bitcoin is rising rapidly. Can it be included in an investment portfolio? Experts suggest this
Cryptocurrency assets have been on the market for more than fifteen years, and the entire cryptocurrency market capitalization has accounted for 1% of the investable asset class. Although there are still many investors who do not believe in cryptocurrencies, after all, cryptocurrencies are still difficult to understand and evaluate. Moreover, there are currently only two mainstream cryptocurrencies, one is Bitcoin and the other is Ethereum. But more and more investors understand that it is time to take a closer look at this emerging and rapidly growing asset class.
According to a 2024 professional investor survey conducted by investment institution WisdomTree, 35.13% of respondents believe that "as a diversified asset class with low correlation" is the role that cryptocurrencies can play in investment portfolios. This is because Bitcoin’s correlation with traditional assets is indeed relatively low.
Comparing the correlation between Bitcoin and traditional assets in the past two years, the survey results can show that the correlation between Bitcoin and other assets is low.
The story line since the birth of Bitcoin is quite real, such as scarcity of output and anonymity. In addition, gold has a higher correlation with stocks and bonds than Bitcoin. Judging from the results, the diversification effect of allocating a part of Bitcoin assets is better than that of gold.
As Musk’s favorite pet dog, #Marvin appears on Musk’s Twitter at least twice a year and is very frequently photographed. The market value of Musk-related tokens is at least one billion, and as the token of the same name for Musk’s pet dog The currency still has room for growth of at least a hundred times, and the minimum goal is to benchmark floki first.
