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JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios
JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. S
mall allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained.
JP Morgan Sees Benefits of Hedging With Bitcoin
JPMorgan released a report last week entitled “What cryptocurrencies have and haven’t done for multi-asset portfolios.” Published by the firm’s head of Cross-Asset Strategy division, John Normand, the report explores cryptocurrencies’ use for portfolio diversification.
Before discussing the reasons to have BTC in portfolios, the report acknowledges that “Bitcoin has already achieved the fastest-ever price appreciation of any must-have asset to which it is often compared,” such as gold in 1970s, Japanese equities in 1980s, U.S. tech stocks in 1990s, Chinese equities in 2000s,
January 5, 2021 @ 9:00 pm By Omar Faridi
Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe.
Many more institutions and fairly large publicly listed companies like
MacroStrategy Incorporated (Nasdaq: MSTR), entered the crypto space in 2020, which was marked by great socio-economic uncertainty due to the COVID-19 outbreak.
The digital assets market cap currently stands at over $860 billion, with Bitcoin dominance reaching nearly 70% – which means that the flagship cryptocurrency has captured the majority of the nascent market with a market cap of over $585 billion at the time of writing. The Bitcoin price continues to set new all-time highs and is presently trading at around $31,667, according to