ChainCatcher message, Matrixport's latest weekly report indicates that the progress of the fifth round of the Bitcoin bull market closely aligns with its July 2023 prediction. The report forecasts that Bitcoin will reach $125,000 in December 2024, and as Bitcoin approaches the $100,000 mark, this prediction becomes increasingly credible. The report suggests that institutional investors simultaneously 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.
Research suggests that although Bitcoin has outperformed gold in recent years, both assets hold investment value due to their low correlation and macroeconomic outlook. The report specifically points out that a sell-off in gold post-U.S. elections could present a buying opportunity, and it is expected that global central banks will continue to diversify their reserve assets in the coming years, further enhancing gold's importance in institutional portfolios.
