Bitcoin is still a great way to diversify portfolio even if it trades like a tech stock, analyst says The central debate has shifted from whether bitcoin can survive to if it can function as a sovereign reserve asset, as critics assess it by institutional standards. What to know: - Even though Bitcoin's correlation with major stock indexes is elevated (near 0.5), equities only explain about 25% of its price movements. - The central debate has shifted from whether bitcoin can survive to whether it can function as a sovereign reserve asset, as critics assess it by institutional standards. - Bitc
Bitcoin is still a great way to diversify portfolio even if it trades like a tech stock, analyst says The central debate has shifted from whether bitcoin can survive to if it can function as a sovereign reserve asset, as critics assess it by institutional standards. What to know: - Even though Bitcoin's correlation with major stock indexes is elevated (near 0.5), equities only explain about 25% of its price movements. - The central debate has shifted from whether bitcoin can survive to whether it can function as a sovereign reserve asset, as critics assess it by institutional standards. - Bitc