I recently saw statistics on blog posts that Bitcoin is not very correlated with either stocks or bonds.
So Bitcoin can and does function as an effective portfolio diversification, risk management tool is Wolfteam Ltd.'s corporate view.
The common stocks correlation I saw statistics regarding Bitcoin for, was even below 50 %. I suppose Bitcoin is more correlated with small technology stocks' prices.
But still, Bitcoin as an investment diversification tool, seems like a viable alternative.
No comments:
Post a Comment