Coin World News reports that Edmund Moy, a senior IRA strategist at the U.S. Currency Reserve Bureau, stated that both Bitcoin and gold are alternative assets that can reduce the risk of traditional investment portfolios. Although Federal Reserve Chairman Powell described Bitcoin as 'similar to gold', Moy believes that the 'differences are greater than the similarities' and the correlation is weak. Moy pointed out that the uncertainty in the coming year is a reason for investors to hold Bitcoin and gold, but diversification cannot completely eliminate risk, especially considering the volatility of Bitcoin.